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CCR1986239RESOLUTION #239-86 (As Amended) ESTABLISHING INTENT REGARDING THE WATER UTILITY WHEREAS, the citizens at the Water Capacity Assessment (WCA) public hearing, requested further review of the WCA District boundary and assessment rate, the Special Assessment Policy, and the impact the Water Utility will have on residences served by community water systems, and WHEREAS, the Public Water Committee has reviewed the methods of financing and plans to hold an informational meeting on 11/13/86 to review the water utility policies, and WHEREAS, the following policy of intent has been recommended by the Public Water Committee: 1. 0 2. 3. 4. 5. 6. 1. Front foot deferments would be offered to those properties fronting on a water trunk line installed by the City as a main transmission facility to service other properties or new development at 8% annual interest starting the first November 1st after the date of the Final Resolution. Deferred assessments to he payable in full or in 10 annual installments upon connection to the water system. All lateral costs to be assessed and payable within two years with 8% annual interest if property owner does not pay in full or go on an installment plan for the front foot assessment. However, if connection is made, or owner chooses to go on installment plan prior to November lst, the lateral cost could be included in the 10 year payment plan. Special assessments would be due and payable in full upon the sale of any property (sent from Water Committee without recommendation). Special assessments would become payable in full or in 10 annual installments after a major expansion in excess of building. $9,000.00 of an existing commercial or industrial Deferred assessments for unimproved properties would become due and payable in full prior to the issuing of a with no payment plan offered. building permit for any construction on that property, Interest rates on deferred assessments would be reviewed every five years. Resolution #239-86 Page Two 8. It is the present intent of the City to attempt to adjust Water Projects MW-1-86 and MW-2-86 so as closely as assessments already levied on Final Resolution 8176-86 for possible these properties will be treated the same as others under the new policy now being developed. 9. The WCA District boundary will remain the same as presented at the public hearing, and the $450 and $750 assessments will remain the same. 10. If subdivisions with existing community wells join the system prior to the award of the water system construction contract for that area, a credit of the WCA payment against the well would remain, and after the award of the bid, the offer of credit would be withdrawn. NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Muskego, upon the recommendation of the Public Water Committee, does hereby establish its intent to amend the policies of the City pertaining to the Water Utility as listed above, after the informational hearing is held by the Public Water Committee. DATED THIS 11 th DAY OF November 17 / / , 1986. cgauon ./AA@- Ald. Edwin P. Dumke City Clerk 10186 jm &-