Ordinance 1985-50
ORDINANCE NO. 9/j--50
AN ORDINANCE AMENDING ORDINANCE NO. 84-12,
FOR THE CITY OF WYLIE, CREATING A
RECONSTRUCTION OF STREETS; PROVIDING FOR
FOOT; PROVIDING FOR AN INTEREST RATE
PARTICIPATION COSTS; PROVIDING FOR AN
PROVIDING FOR PUBLICATION.
THE FEE ORDINANCE
NEW SECTION 5-
COST PER SQUARE
FOR PAYMENT OF
EFFECTIVE DATE;
WHEREAS, the City Council of the City of
determined the need for reconstructing certain
the City of Wylie and;
Wylie has
streets in
WHEREAS, the Council has determined a need to establish cost
for materials to be used to adjacent property owners;
THEN, the following is set forth:
SECTION 5
The fee per square foot for reconstruction materials
accomplished by City crews and equipment under the
provisions of the City's reconstruction ordinance shall be:
1.
For streets which have been improved,
base and/or asphalt regardless of
condition. . . . . . . . . . . . . . . . . . . . $0.40 per
foot.
i . e., some
existing
square
2. For streets which are completely unimproved, i.e.,
no asphalt or oil base material and little or no
rock or paving materia1.............$0.50 per
square foot.
3. Financing costs for repayment by adjacent property
owners of their portion of the materials for
projects done under provisions of the street
reconstruction ordinance, the following interest
rates shall apply and shall be calculated on a
simple interest basis and billed on the monthly
water bill. Said payments shall be subject to the
normal provisions for late charge penalties etc.
a. 90 day payout................no interest
b. One year
interest.
pay-out. . . . . . . . . . . . . . . . . .10%
c. Two year
interest.
pay-out. . . . . . . . . . . . . . . . . .15%
4. Senior citizens who qualify under the criteria set
forth for discounted water and sewer rates may
also qualify for a 50% discount on the assessed
amount of their portion of the street to be
reconstructed.
EFFECTIVE DATE: This ordinance and its attending fees shall
become effective immediately upon passage and approval by
the City Council of the City of Wylie, a Home Rule Political
Subdivision of the State of Texas and upon publication of
the caption in the Wylie News.
THIS
THE
jJ-ti DAY
OF
~~*~~n. Mayor
~~~/
)