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<br />RESOLUTION NO. <br /> <br />99-039 <br /> <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 9th day of <br />November, 1998, in Ordinance No. 98-064, revise Section IX of Ordinance No. 1315 of the City <br />of Paris to provide for a repayment plan for pro rata charges when the City of Paris acts as the <br />sponsor of a water and/or sewer main extension; and, <br /> <br />WHEREAS, said revision provides for reimbursements of pro rata charges to based on <br />a period of time not to exceed seven (7) calendar years from the date the first water and/or sewer <br />tap is made to serve a property; and, <br /> <br />WHEREAS, said revision also provides that the length of time granted for such <br />reimbursement and the frequency of payments shall be at the discretion of the City Council and <br />shall be based upon the amount of the pro rata charges; and, <br /> <br />WHEREAS, it is deemed appropriate that the City Council set a policy governing the <br />length of time granted for such reimbursements; and, <br /> <br />WHEREAS, it is deemed reasonable that the monthly payment for said reimbursements <br />be not less than twenty-five dollars ($25.00) for a period not to exceed seven (7) years; NOW, <br />THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL Q}' THE CITY OF PARIS, that the <br />monthly payment for the reimbursement of water and/or sewer improvement assessments shall be <br />not less than twenty-five dollars ($25.00) for a period not to exceed seven (7) years. <br /> <br />PASSED AND ADOPTED this 12th day of April, 1999. <br /> <br />ATTEST: <br /> <br /> <br />Mattie Cunningham, City Clerk <br /> <br /> <br />APPROVED AS TO FORM: <br /> <br />s~::lv~ <br /> <br />Scott P. Foster, City Attorney <br />