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Resolution 1995-13 y STATE OF ILLINOIS ) 6/8/95 )ss. COUNTY OF KENDALL ) RESOLUTION NO. 1995- �3 RESOLUTION DECLARING DETERMINATION AND INTENTION TO CREATE RECAPTURE CALCULATIONS FOR CITY WATER AND SANITARY SEWER FOR THE NORTH SIDE OF THE FOX RIVER WITHIN THE UNITED CITY OF THE VILLAGE OF YORKVILLE AND ALLOCATION OF THE COST THEREOF NOW COMES the City Council of the UNITED CITY OF THE VILLAGE OF YORKVILLE, a body politic of the County of Kendall, State of Illinois which does hereby upon Motion duly made, seconded and approved by majority vote resolve as follows: DETERMINATION OF PUBLIC INTEREST WHEREAS the City Council -)f THE UNITED CITY OF THE VILLAGE OF YORKVILLE and its Mayor have hereb ° made a preliminary determination that it was in the public interest, convenience, and necessity to extend a water main and Sanitary Sewer intercepter North of the Fox River to service areas to be developed within the existing boundaries of the City, as well as serve areas adjoining to and contiguous with the City boundaries that are being annexed, and which will be annexed in the future; and that it intends to require as a condition of annexation and development of lands within the City and North of the Fox River, that are sought to be annexed, to be served by municipal water improvements and to be serviced by municipal sanitary sewer improvements to be made as hereinafter set forth in said resolution. 1 SECTION 1: PLANS AND SPECIFICATIONS All of the work encompassed by this Recapture Resolution has been done and improvements constructed in the particular locations within the service area as set out in the service area shown in the drawing attached as Exhibit "A", which is incorporated herein and made a part hereof by reference. That the actual cost of the municipal water and sanitary sewer improvements is the approximate sum of$1,260,000.00. The City further anticipates costs for the future construction of a sanitary relief sewer which may be needed in the event the capacity in the existing line is entirely used prior to service of the entire area designated in this Resolution. In order to provide for the recapture of those sums expended by or on behalf of THE UNITED CITY OF THE VILLAGE OF YORKVILLE for installation of the total public improvements, in the approximate sum of $1,260,000, plus interest at 6% per annum from the date of the City commencing expenditure of funds. THE UNITED CITY OF THE VILLAGE OF YORKVILLE shall be allowed to recapture a sum equal to all out of pocket sums expended, not in excess of the actual sums expended by them. SECTION 2: RECAPTURE AMOUNT Any owner, developer, petitioner, or person entering into the annexation, zoning, or building permit application process with THE UNITED CITY OF THE VILLAGE OF YORKVILLE shall be required to pay and exhibit to the City Administrator a paid receipt for the recapture amount set out hereinafter in subparagraphs A and B of this Article prior to execution of any final Plat of Subdivision or building permit as the case may be, in any of the 2 areas described in Exhibit "A"; or if municipal sanitary sewer service or municipal water service is extended outside of said service area, and said property is actually benefitted pursuant to this recapture ordinance as follows: A. i) The sum of One Thousand and Five Hundred & 00/00 ($1,500.00) per acre for commercial, business, manufacturing or office zoning purposes, payable upon earlier of a building permit being issued or recording of Final Plat, as to the total of all acreage being platted, or if no Plat is recorded, upon issuance of a building permit, for the entire parcel upon which the building is constructed. ii) This amount shall be increased by 6% per annum interest, said interest to be added quarterly commencing July 1, 1995 and quarterly thereafter 1.5% shall be added to the principal due for payments made for recapture during any calendar quarter. B. i) The sum of One Hundred Fifty & 00/00 ($150.00) per (p.e.) population equivalent of residential dwelling unit; the amount to be charged per single-family dwelling unit at the rate of One Hundred Fifty & 00/00 ($150.00) per p.e. times 3.5 p.e. per dwelling unit for a total of Five Hundred Twenty-Five & 00/00 ($525.00) as to a single-family unit; and as to duplex or multi-family dwelling units of 3.0 per dwelling unit at One Hundred Fifty & 00/00 Dollars ($150.00) per p.e. for a total of Four Hundred Fifty & 00/00 ($450.00) per residential dwelling unit. As to residential dwelling units, the recapture amount shall be paid at the time of application for a building permit. ii) This amount shall be increased by 6% per annum interest, said interest to be 3 added quarterly commencing July 1, 1995 and quarterly thereafter 1.5% shall be added to the principal due for payments made for recapture during any calendar quarter. SECTION 3: DURATION The duration of this shall expire fifteen (15) years from the date of this Resolution. SECTION 4: DISCLAIMER A. THE UNITED CITY OF THE VILLAGE OF YORKVILLE has undertaken to provide expanded sanitary sewer and water supply improvements for its service area North of the Fox River. No warranty or representation is made by THE UNITED CITY OF THE VILLAGE OF YORKVILLE as to any specific parcel of real property within said service area, that municipal sanitary sewer or municipal water service shall be available at any specific time to a particular parcel. Except to the extent contained in any written agreement with a specific real property owner as to reservation of p.e., no reservation of service is made to any particular real property owner. B. In the event a parcel of real property located within the rccapture area set out in Exhibit "A" is not able to be served by the municipal water or sanitary sewer service set out in this area, or future expansions thereof, then and in that event THE UNITED CITY OF THE VILLAGE OF YORKVILLE shall not charge recapture. 4 C. In the event real property outside the service area as set out in Exhibit "A" is in fact serviced by the subject municipal water system and/or sanitary sewer system, the recapture amounts set out herein shall be imposed in accordance with this Ordinance. Dated: MAYOR ATTEST: C Y ERK V F Law Offices of Daniel I Kramer 1107A S. Bridge St. Yorkville, IL 60560 (708) 553-9500 5 Cannonball . 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