Ordinance 1986-52
ORDINANCE NO. 1r~~~
AN ORDINANCE OF THE CITY OF WYLIE, A HOME RULE POLITICAL
SUBIDIVISION OF THE STATE OF TEXAS, AMENDING ORDINANCE NO.
84-12, THE FEE ORDINANCE OF THE CITY OF WYLIE, ADDING A NEW
SUB-SECTION 6.01 ESTABLISHING AN AMOUNT FOR CONSTRUCTION
MAINTENANCE BONDS TO BE POSTED WITH THE CITY 8Y A
SUBDIVISION DEVELOPER/BUILDER.
WHEREAS,
the City Council of the City of Wylie, deems it
necessary and proper to establish criteria for the
posting of maintenance bonds when building and
developing a subidivision within the corporate
limits of the City;
THEREFORE, as provided in the Subdivision Regulations of the
City of Wylie, Section 8 a subdivider shall
provide a maintenance bond as follows:
SECTION 6.01 - MAINTENANCE BONDS:
Any subdivider/devloper shall furnish a
maintenance bond for one year from date of
acceptance, an irrevocable letter of credit for
one year, or place in escrow for one year from
date of acceptance, an amount that represents ten
percent (10%) of the total cost of public
improvements (streets, drainage, water/sewer
lines, etc.) for said development in order to
indemnify the City against any repairs which may
be necessary in connection with construction of
said improvements arising from defective
workmanship or materials for a period of one (1)
full year from final acceptance of each phase of
the development. Final acceptance of a
subdivision or a phase of a subdivision will be
withheld until said maintenance bond or proof of
establishment of escrow account has been furnished
to the City.
EFFECTIVE DATE:
This ordinance shall become effective immediately
upon passage and approval by the City Council of
the City of Wylie.
PENALTY:
Any person who in any way violates the terms of
this ordinance shall be deemed guilty of a
misdemeanor and upon conviction of any such
violation shall be subject to a fine of not less
than $1.00 nor more than $200.00.
SEVERABILITY: All ordinances or parts of the ordinance in
conflict herewith are specifically repealed and
are superceded by this ordinance. All other parts
of such ordinances are not repealed and remain in
effect.
PASSED AND APPROVED ON THIS THE L'~_DAY O~ ~_1986.
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