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Res 163 11/12/1951e/1/ 8 RESOLUTION NO. J Be it resolved by the Board of Aldermen of the City of Wichita Falls : Whereas, for several years the Water Department of the City of Wichita Falls had been following a policy requiring the deposit of the total construction costs of water facilities in sub- division, both inside and outside of the corporate limits ; and Whereas , the City has limited funds and it impossible to make water main and sewer extensions tos- + areas or subdivisions and Whereas, various individuals are requesting that the City extend its water lines and the sewer lines take in the subdivisions ; and Whereas, the Board of Aldermen of the City of Wichita have decided to set a definate policy to be followed by the director of utilities of said City in making any extensions either to existing water or sewer lines ; Now therefore, from and after this date, it shall be the fixed 'Policy of the City of Wichita Falls to require the prepayment of the es- timated cost of any extension to its water or sewer facilities , either within or without the corporate limits of the City, to any new subdivision thereof. The costs of these extensions shall include the total cost of onsite and offsite water and sewer facilities and the developer shall pay for the cost of extending the main from the point in the City limits or outside of the City limits where available water or sewer capacity is large enough to provide the necessary facilities for the subdivision in question. The City of Wichita Falls will then install such extensions out of funds deposited by the subdivider with it for that purpose. After all water and sewer facilities have been installed the City agrees to repay the subdivider for monies expended by him for subdivisions inside of City limits out of one/third of the gross revenue obtained from the water and sewer service in such subdivision, payable at a fixed annual accounting period date. Such payments shall be made until such time as the subdivider is reimbursed for funds deposited by him with the said City of Wichita Falls, without interest thereon, but such payment shall not excede the period of (15) fifteen years. If the subdivision is outside of the corporate limits of the City of Wichita Falls, the City agrees to repay the subdivider only at such time as the subdivision is annexed to the City of Wichita Falls, Texas, but the water and sewer facilities shall be depreciated seven per cent of the total cost for each year after completion of the same . Passed and approved this /Y`-day of November 1951 A.D. r i % o City Clerk