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T18-99 • ,r.., Ordinance No. T18-99 Revised AN ORDINANCE PROVIDING FOR A SCHEDULE OF PAYMENTS FOR THE RECAPTURE OF COSTS OF CERTAIN WATER SYSTEM IMPROVEMENTS TO BENEFITTED PROPERTIES WHEREAS, the Village of Bartlett extended a watermain, identified as the Bluff City Boulevard and Lake Street Watermain Improvement; and WHEREAS, the installation of said watermain made water service available to nearby properties and thereby benefitted said properties; and WHEREAS, on October 27 , 1986, the City Council of the City of Elgin adopted Ordinance No. T6-86 requiring reimbursement to the Village of Bartlett for a portion of the cost of said watermain which benefitted such properties; and WHEREAS, Section 3 of Ordinance No. T6-86 requires that the full amount due for each parcel shall be paid prior to any connection to the subject watermain for any such parcel; and WHEREAS, the Ray Graham Association is a not-for-profit organization which is the owner of one of the benefitted parcels identified in Ordinance No. T6-86 as Parcel 10 (such owner of Parcel 10 hereinafter referred to as the "Owner" ) ; and WHEREAS, there is due and owing from the Owner of such Parcel 10 as reimbursement costs pursuant to Ordinance No. T6-86 the total amount of $16,523 . 08; and WHEREAS, the Owner of Parcel 10 has requested that it be permitted to pay such recapture costs which are to be reimbursed to the Village of Bartlett in installments pursuant to the schedule attached hereto as Exhibit A; and WHEREAS, the Village of Bartlett has consented to the reimbursement of such costs to the Village of Bartlett in installments pursuant to the schedule attached hereto as Exhibit A; and WHEREAS, the City Council of the City of Elgin has determined that it is in the best interests of the city and in the public interest to allow for the reimbursement of the subject recapture costs in installments pursuant to the schedule attached hereto as Exhibit A. eft NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section 1 . That notwithstanding the provisions of Section 3 of Ordinance No. T6-86 which requires the payment of the full amount due for each parcel prior to any connection to said parcel the Owner of Parcel 10 as identified in Ordinance No. T6-86 may tap on to the subject water main conditioned upon making the reimbursement of the recapture costs for the subject watermain pursuant to the installment schedule attached hereto as Exhibit A, provided further, however, such departure from Ordinance No. T6-86 to allow for payment pursuant to an installment schedule shall apply only to a not-for-profit organization. Section 2 . That in the event the Owner fails to make the timely installment payments as provided in the schedule A attached hereto upon thirty ( 30) days advance notice to the Owner water service to the subject property shall be discontinued. Section 3 . That all ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Section 4 . That this ordinance shall be in full force and effect form and after its passage in the manner provided by law. SOfAeiwe: Ed Schock, Mayor Presented: May 26, 1999 Passed: May 26, 1999 Vote: Yeas 5 Nays 0 Recorded: May 27 , 1999 Published: Attest: A./(-e. „-- Dolonna Mec m, City Clerk eft EXHIBIT A Installment Payment Plan Agreement Total Water Related Charges $16,523.08 Less: Deposit (received 5/24/99 - Check#8608) 6,625.00 Amount Subject To Installment $ 9,898.08 Date Amount 7/15/99 $1,649.68 8/15/99 $1,649.68 9/15/99 $1,649.68 10/15/99 $1,649.68 11/15/99 $1,649.68 12/15/99 $1,649.68 Total Installment Payments $9,898.08