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<br />DRAFT <br />F:\Attorney\LINDA\Ordinances\Current\Subdivision Regulations 3-23-2004.wpd <br />April 7, 2004 <br />ORDINANCE NO. _______________ <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, AMENDING SECTION XIII OF ORDINANCE NO. 1315, <br />THE SUBDIVISION REGULATIONS OF THE CITY OF PARIS, TO <br />DELETE PROVISIONS PERMITTING OWNERS OR DEVELOPERS TO <br />POST FINANCIAL SECURITY TO GUARANTEE CONSTRUCTION OF <br />CERTAIN IMPROVEMENTS TO SUBDIVISIONS IN LIEU OF ACTUALLY <br />COMPLETING THE CONSTRUCTION OF THOSE IMPROVEMENTS AS <br />A CONDITION TO APPROVAL OF THE FINAL MAP OR PLAT OF THE <br />SUBDIVISION; MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. <br />WHEREAS, <br />Section XIII of Ordinance No. 1315, the Subdivision Regulations of the City <br />of Paris, Texas, contains provisions authorizing owners or developers to file with the City of Paris <br />a corporate surety bond in lieu of actually completing the construction of the improvements required <br />by the subdivision ordinance as a condition to the approval of the final plan or plat of same, the <br />purpose of said bond being to guarantee the financial cost of the installation of said improvements; <br />and, <br />WHEREAS, <br /> the City Council of the City of Paris deems it appropriate that all improvements <br />required by the City’s subdivision ordinance be in all things fully constructed, inspected, and accepted <br />by the City in accordance with the City’s subdivision ordinance before the City Council will consider <br />approval of a final map or plat of a new subdivision for which such improvements are required to be <br />installed by the owner or developer; and, <br />WHEREAS, <br /> the City Council desires to amend Section XIII of the Subdivision Regulations <br />NOW <br />to delete those provisions allowing the filing of a surety bond in lieu of said construction; <br />THEREFORE, <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br />Section 1. <br /> That the findings set out in the preamble to this ordinance are hereby in all things <br />approved. <br />Section 2. <br /> That Section XIII, entitled Guarantee of Construction, of Ordinance No. 1315, <br />the Subdivision Regulations of the City of Paris, Paris, Texas, shall be and is hereby amended to read <br />as follows: <br />Section XIII. Guarantee of Construction. <br />" <br /> <br />