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HomeMy WebLinkAboutOrd 1975-1614 . �� . ' , _ . , ORDINANCE NO. 1614 AN ORDINANC� OF THE CITY OF CHliLA VISTA ANIE`dDING SUBSECTION E OF SECTION 26 . 403 OF CHAPTER 26 OF THE CHUL?1 VISTA CITY CODE TO INCREASE THE ItQTEREST RATE TO BE ADDED TO REII�IBURSEM�NT CFIARGE The City Council of the City o£ Chula Vista does ordain as follotas : SECTION I : That subsection E of Section 26 . 403 of Chapter 26 of the Chula Vista City Code be , and the same is hereby anended to read as follows : . Sec. 26 . 403 . Connection Charges . E . Ser�er Facilities of Speeial Importanee . If the City Council finds fhat a particular sewer facility is of special oublic interest because of its major importance to the City , it may , notwithstanding any other Drovision of this article, alloca, by resolution, the following : 1 . Time for Reimbursement. That the right to reim- bursement for any subdivider , or for any individual, firm or corporation, as contenolated in this article , may be extended un to tcaenty (20) years £rom the date that the sewer facility is accepted as being conpleted by the City. 2 . Interest Added to Charae . That, in addition to the charge provided for in either subsections A or B of this section, interest in the amount of seven nercent (70) per annum of the amount of the charae may be added thereto, but , however , onl�� for the period fixed pursuant to the oreceding paragraph, and the person who is entitled to reimbursenent as contemplated in this article shall be entitled to receive such charge and the interest naid thereon. Interest shall be computed on a a,uarterly basis , and it shall be computed up to but not including the quarter in which oayment of such charge is oaid. SECTION II : This ordinance shall take e£fect and be in full force on the thirty-first day from and after its adootion . Presented by Approved as to £orm by !i(/e . /�.�C��1/7/��.�v �.e_" �`� � % Tr7illiar.i 3�. abens , Director of George D. Lindberg, City Attorney Public Works � ADOPTED AND APPROVED BY THE CITY COUNCIL OF .THE CITY OF CHULA VISTA, CALIFORNIA, this llth day of March , 1975 , by the following vote, to-wit: AYES: Councilmen Hyde, EQdahl, Scott, Hobel. Hamilton NAYES : Council.men None ABSENT: Councilmen None �M� o-f the C2t��� Y'ista ATTEST City erk • STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss . CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, City Clerk of the City of Chula Vista, California, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy cf and , that the sam.e has not been amended or repealed. DATED it (SEAL) City Clerk CC-660