Res 556 3/30/1964J
RESOLUTION NO. 55
WHEREAS, the Board of Aldermen of the City of Wichita Falls has
reviewed the policy of the City concerning reimbursement contracts
entered into with land developers, and finds that, since this policy
went into effect, the City has entered into such contracts wherein the
City assumed obligations in the total amount of two million, two hun-
dred five thousand, three hundred eleven and 49/100 dollars ($2 , 205, 311.49)
for water and sewer line extensions ; that the City has paid out a total
of one million, s,t? o -id, two hundred two and 87/100 dollars
1,006, 202 .87) under such contracts, and there is still an outstanding
obligation under these contracts in the amount of one million, one
hundred ninety-nine thousand, one hundred eight and 62/100 dollars
1, 199, 108.62) ; and,
WHEREAS, the Board of Aldermen is of the opinion that this consti-
tutes an improper expenditure of public funds, and that such policy is
contrary to the public interest, and that such policy should be dis-
continued.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS, THAT
Section 1. Hereafter, the City of Wichita Falls shall not enter
into reimbursement contracts for the extension of water and sewer lines
as provided for under Resolution No. 297 ; Resolution No. 297 is hereby
repealed insofar as it provides for reimbursement contracts wherein the
City participates in the cost of extending water and sewer mains.
Section 2 . In cases where water and sewer lines, streets and storm
sewers of a size larger than that necessary to serve the subdivision
is required by the City, the difference in cost between the sizes re-
quired and those necessary to serve the subdivision shall be paid by
the City, as set out in Resolution No. 297 . At the time the require-
2 -
ment of the oversize lines or streets is made, the City and the deve-
loper shall enter into a contract to provide for the City' s obligation
to pay the additional cost; if the City is not financially able to
assume such obligation, then there shall be no such requirement of
oversized lines or streets .
Section 3. The developer of any subdivision for which the plans
and specifications for water and/or sewer lines have been approved by
the City, and contracts have been awarded, as of the date of the
sage of this resolution, shall be entitled to receive reimbursement
contracts under the old policy set out in Resolution No. 297 .
PASSED AND APPROVED this the.ay of o!! Ali 1964.
11P
k
M A O R
A T T E S T :
City Clerk.