HomeMy WebLinkAboutORD 890402 - Capital Recovery Fee Creditsje
AN ORDINANCE REPEALING THE CAPITAL RECOVERY
FEE ORDINANCES INCORPORATED AS ARTICLE V,
SECTION 23-81 ET.SEQ.,• AND MAINTAINING
CAPITAL RECOVERY FEE CREDITS.
WHEREAS, the City Council of the City of Georgetown, Texas,
has adopted the following ordinances which provide for the
assessment of capital recovery fees for water and wastewater
service: 84-03 and 84-04 on January 10, 1984; 84-07 on January
23, 1984, and 86-45 on September 23, 1986, and
WHEREAS, these capital recovery fee Ordinances are
incorporated under Article V, Sections 23-81, et.seq. of the
Georgetown Code of Ordinances; and
WHEREAS, the City Council finds that capital recovery fees
collected by the City have decreased significantly over the past
several years; and
WHEREAS, the City Council adopted the Strategic Plan for
Economic Development on July 11, 1989, and said Plan commits the
City to activities which will attract commercial and industrial
development, and
WHEREAS, the City Council finds that repealing the capital
recovery fee Ordinances will reduce the overall cost of
development in Georgetown; and
WHEREAS, the City Council finds that this action implements
the Strategic Plan for Economic Development, as well as Economic
Development Policy 1; Growth and Physical Development Policy 4!
and Utilities Policy 5 of the Century Plan - Policy Plan Element;
and is not found to be inconsistent or in conflict with any other
Century Plan Policies, as required by Section 2.03 of the
Administrative Chapter of the Policy Plan.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF GEORGETOWN, TEXAS, THAT:
Section One.
All of the facts recited in the preamble to this Ordinance are
hereby found by the City Council to be true and correct, and are
incorporated by reference herein and expressly made a part
hereof, as if copied verbatim.
Section Two.
1) Ordinances 84-03, 84-041 84-07, and 86-45 are hereby
repealed.
2) All capital recovery fees previously collected shall
continue to be used in the manner for which they were
intended.
3) All entities with prior agreements with the City for capital
recovery fee credits shall be entitled to those credits in
accordance with said agreements.
READ AND APPROVED on the first reading, on this the
day of , 1989.
READ AND PP OVED on the final reading, on this the
day of , 1989.
Tim Kenn y, Mayor
ATTEST.
Leslie Barone, Deputy Secretary
APPROVED.
Diane Callander, City Attorney
F
Al.
,
.� ® j
Leslie Barone, Deputy Secretary
APPROVED.
Diane Callander, City Attorney
F