HomeMy WebLinkAboutM1985-0209 - 04/23/1985• MOTIONS - 4/23/85 0
4. An agreement with Regency Investment Company, developer of Chaparosa Park
Unit 2, be approved. This agreement, which is a result of an appeal made
to the City Council on March 12, 1985, provides for:
(a) The developer paying a lot /acreage fee of $43,513.60 into the Sanitary
Sewer Trust Fund.
(b) The City agreeing to reimburse the developer this amount within 10
years, if any governmental entity other than the City provides
sanitary sewer collection lines to this subdivision.
(c) Interest would not be paid on deposited funds and reimbursement would
be subject to the availability of monies in the trust fund.
This proposed subdivision is located 3 miles south of F.M. 624 and west of
Highway 77.
M85 -0209