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HomeMy WebLinkAboutOrdinance 3938 r M ORDINANCE NO. 3938 AN ORDINANCE PRESCRIBING CONNECTION FEES FOR DEVELOPERS TYING ONTO A WATER LINE EXTENSION ALONG SALEM ROAD RUNNING FROM THE SOUTHEAST CORNER OF THE SALEM VILLAGE SUBDIVISION TO THE SOUTH SIDE OF MOUNT COMFORT ROAD. WHEREAS, the City of Fayetteville is sharing in the cost of a new water line on Salem Road; and, WHEREAS, it is the desire of the City to insure that developers utilizing said water line pay a fair share of the cost of that line. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS : Section 1 . That Chapter 51 , Section 51 . 115 , Water, Sewer Extension Fees, of the Code of Fayetteville is hereby amended by adding Paragraph "F" to read as follows: §51 . 115 Water, Sewer Extension Fees. F. Salem Road. If a developer connects directly to the water line extension along Salem Road running from the Southeast corner of Salem Village Subdivision to the South side of Mount Comfort Road, more clearly shown on Exhibit "A " , attached hereto and made a part hereof, within a ten (10) year period from the date of the passage of this ordinance, the developer shall pay an extension fee of $200.00 per gross acre of land being developed. In no case shall the amount collected under this ordinance exceed the actual cost of the construction of the extension. Such construction costs to include the installation, engineering, and right of way acquisition. All monies received from the extension fee imposed above, (plus interest, if any), shall be deposited in a water and sewer fund and shall be expended from that fund only for the purposes of making emergency repairs and extending, oversizing, or constructing new additions to the City's water system. PASSED AND APPROVED this 7 .h day of November 1995 . APPROV D: By: 4&4�ze Fred Hanna, Mayor ATTEST: By : Traci Paul, City Clerk "amm HOWL Iva ane sm c w So" AMO S ® nip ' ct`ty Luta �' • • � r a Aaw T-t7�11/ » aua ae ® raoor.�wc or I _ �I