HomeMy WebLinkAbout1986-250
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RESOLUTION NO.
86-?sn
2 RESOLUTION OF THE CITY OF SAN BERNARDINO ESTABLISHING
GUIDELINES FOR REPURCHASE BY THE BOARD OF WATER COMMISSIONERS OF
3 SEWER CAPACITY RIGHTS HELD BY PRIVATE HOLDERS.
4 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
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6 SECTION 1. The Mayor and Common Council hereby establish
7 the following guidelines which shall be adhered to in the
8 repurchase of sewer capacity rights by the Board of Water
9 Commissioners from private holders. This program is necessary to
10 provide some inducement to present holders to turn in their
11 rights. It is also necessary to discourage holders from tying up
12 rights for projects which may not be built for two years.
13 A. The Board will offer to buy back unused sewer capacity
14 rights from original holders at a price of $1620.00.
15 B. The Board will, in turn, resell these sewer capacity
16 rights to new applicants for $2260.00.
17 C. New applicants shall be subject to all terms and
18 conditions, other than price, set forth in Resolution Nos. 84-271
19 and 84-530.
20 D. As a condition of resale, the original holders shall
21 have the right to buy back sewer capacity rights from the Board
22 at a price of $1620.00 no sooner than September 1, 1987, and no
23 later than December 31, 1989.
24 E. As a requirement of the purchase agreement, new
25 applicants must agree to use the sewer capacity rights within
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months of purchase. Any sewer capacity
27 rights which are not used timely will revert to the Board, and
28 the Board will refund the sum of $2000.00.
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1 I HEREBY CERTIFY that the foregoing resolution was duly
2 adopted by the Mayor and Common Council of the City of San
3 Bernardino at a
regular
meeting thereof, held on
4 the
16th day of
June
, 1986, by the
5 following vote, to wit:
6
AYES:
Council Members Estrada. Reilly. Hernandez.
7
Ouiel. Frazier. Strickler
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13 The foregoing resolution is hereby approved this 17ei day
NAYS:
None
ABSENT:
Council Member Marks
~g~~~Jb
./ Ci ty Clerk
14 of
June
, 1986.
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L (/ /( ,L'\ A. /f /L--/ //-L /L -~--L'-L .'
Milyor of ~he Ci l:y of San ~H~rnardino
Approved as to form:
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20 City Attorney
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