Ord 1983-061 - Laserfiche WebLink

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-10- zoned, platted and developed with all required street, drainage, and utilities accepted by the City and appropriate utility companies. If these infra-structure improvements have been completed and accepted by the City, the dwelling unit reservations for capacity will be assigned by the Director of Public Works to individual lots in the development and will be considered a commitment for capacity which will run nith the land and not be severable; e) The granting of the reservation of capacity will be approved by the City Council by resolution authorizing the Mayor to enter an agreement granting such reservation of capacity; and, f) If the party who has been granted a reservation of capacity does not utilize the entire amount of the reservation by the time stated in the agreement, the remaining capacity will revert to the city to be used as the City determines with no refund from the City to the party with said reservation, but without prejudice to the party to reapply for another reservation subsequent to such reversion. Section 30-50. Capital Recovery Fee Fund. All amounts collected under this Division shall be deposited to the Water and Sewer System Revenue Fund established and maintained in accordance with the Ordinance authorizing the City's Junior Lien Waterworks and Sewer System Revenue Bond s, Series 1968, to be applied pursuant to the provisions of said Ordinance as revenue arising from the operation or ownership of the City's combined waterworks and sewer system. Surplus funds remaining in said Revenue Fund at the end of each month, after all expenditures, deposits, and transfers required by said Ordinance and the ordinances authorizing any bonds or other obligations issued to be payable in whole or in part from revenues of the city's waterworks and sewer system have been made therefrom, not exceeding the total amount of CRJ:o" s deposited to said Revenue Fund during such month, shall be deposited to a fund, separate and apart from said Revenue Fund and all other funds of the City, to be designated as "City of San Marcos Sewer System Capital Improvement Fund". Said Fund shall be established and maintained at an official depository bank of the City and shall be used for the purposes stated in Section 30-40 of this Ordinance. Section 30-51. Severability. If any provision of this Ordinance (Division 4 of Chapter 30) or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect any other provisions of this Ordinance (Division 4 of Chapter 30) which can be given effect without the invalid provisions of this Ordinance (Division 4 of Chapter 30).