HomeMy WebLinkAbout1990-159
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RESOLUTION NO. 90-159
RESOLUTION OF THE CITY OF SAN BERNARDINO ESTABLISHING A
LOAN PROGRAM FOR SEWER CAPACITY RIGHTS FEES FOR QUALIFYING
RESIDENTS.
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Whereas, there are residents of the City of San Bernardino
who have paid a sewer service charge for years without being
connected to the City sewer system, and
WHEREAS, some of these residents must now connect to the
sewer system and pay Sewer Capacity Rights fees as well as
connection fees, and
WHEREAS, some of these residents are on fixed or low
incomes, but do not meet the income eligibility criteria to
qualify for a Community Development grant;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1.
A five year loan program for Sewer Capacity
Rights Fees is hereby established for the 270 remaining sewer
capacity rights owned by the City for residents meeting all of
the following criteria:
a)
The owner is an occupant of the single family residence
for which the sewer capacity rights fees are due.
b)
Owners of the residence have paid a monthly sewer service
charge for a period of ten (10) years or more.
SECTION 2.
The loan will be for a period not to exceed
five (5) years and shall be secured by a trust deed on the
property.
The loan amount shall be for the amount of the costs
of the sewer capacity rights fees plus interest.
Payments shall
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be made to the City Clerk's Office semiannually until paid in
full. The per cent of interest to be assessed on the loan shall
be determined at the time the loan is processed and shall be
based on the City's annual rate of return on investments as
determined by the City Treasurer.
SECTION 3. The loan program shall be administered by the
City Clerk's Office which shall establish procedures for
processing the loans. An administrative fee of $85.00 shall be
charged for processing each loan.
SECTION 4. The loan and deed of trust shall provide that
if the property is sold or otherwise transferred prior to the
full payment of the principal and interest, the remaining balance
shall be due and payable.
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RESOLUTION OF THE CITY OF SAN BERNARDINO ESTABLISHING A
LOAN PROGRAM FOR SEWER CAPACITY RIGHTS FEES FOR QUALIFYING
RESIDENTS.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a
day of
reqular
meeting thereof, held on the 7th
Mav
, 1990, by the following vote, to wit:
Council Members:
ESTRADA
REILLY
FLORES
MAUDSLEY
MINOR
POPE-LUDLAM
MILLER
AYES
NAYS
ABSTAIN
x
x
x
x
x
x
y
.h,f,";'il/~/t/
cfty Clerk
The foregoing resolution is
ved this yeA-- day
,
of
May
Approved as to
form and legal content:
JAMES F. PENMAN,
City Attorney
By: IJi:
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, 1990.
mb, Mayor
Bernardino
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