2002.04.01 ORD 2002-358 - Laserfiche WebLink

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Section 4. Determination of Costs to be Apportioned. The developer may be reimbursed up to $214,577 plus any interest on the charges paid to the City. Section 5. Area -Wide Connection Charges. Prior to granti- ng final plat approval, or issuing any building permit that results in a sanitary sewer service connection to the 130th Street Lift Station, the property owner or property owner's representative shall pay the City of Hugo the amount identified in Section 3. Area -wide connection charges shall be levied on each sanitary sewer connection only once. Section 6. Prepayment and Interest. Simple interest at the rate of 7 percent will accrue from the date of the adoption of this ordinance, except that property owners may prepay the area - wide connection charges established herein interest-free within 30 days of adoption of this ordinance. Section 7. Distribution of Collected Charges. All charges, including interest, collected under this ordinance shall be deposited in the City's Sanitary Sewer Construction Fund. Within 30 days following receipt of such funds, the Finance Director shall pay the developer the connection charges and interest collected. The developer shall receive the funds collect- ed until reimbursed the total amount designated in Section 4 of this ordinance. 7.1. Within 30 days of any change in the business address, business structure, business organization, or sale or transfer of ownership in the developer's company, the developer shall pro- vide a written notice to the City's Finance Director, sent by certi- fied mail, informing the City of said change. The City shall have no responsibility to deliver payment, as contemplated herein, to a successor organization or to a new address, unless this notice has first been provided to the City's Finance Director. 7.2 If there are any funds collected and owed the developer on the date this ordinance expires, and the City does not have a current address to mail the funds, the Finance Director shall place a notice in the City's official newspaper on two separate occasions, at least one week apart, notifying the public of the amount of funds accrued and unpaid, the purpose of their col- lection, that any person having claim to such funds may file such claim with the City no later than thirty days following the publish- ing of the second notice. Funds unpaid following settlement of all claims shall become the property of the City of Hugo. 7.3 The City shall not pay interest on funds retained in its custody, except that paid to the City as part of connection charges. Section 8. Sunset Clause. Recognizing that facilities have a limited useful life, this ordinance shall expire and become void on the first day of January, 2022, unless sooner abolished by ordi- nance or extended by resolution of the City Council. Following expiration of this ordinance, the developer shall lose claim to any unpaid funds due under this ordinance, except as specifically stated in Section 7 herein. Section 9. Enactment. This ordinance shall be in full force and effect from and after its passage and publication. Upon roll call the following members voting AYE: Granger, Haas, Petryk, Puleo, Miron Upon roll call the following members voting NAY: NONE Whereupon said ordinance was declared passed and adopt- ed this 1st day of April 2002. Fran Miron, Mayor ATTEST: Mary Ann Creager, City Clerk Published in the White Bear Press April 10, 2002.