Ord 2011-054 - Laserfiche WebLink

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6 the district shall connect to the city's water and sewer system. If the district is located within a geographical area that falls within the certificated service territory of another utility, the district shall purchase the certificated service area and transfer it to the city at no cost. Sec. 70.053. Bonds -a° (a) Water, wastewater and drainage. A utility district shall be permitted the bonding permitted under the state law and the rules of the state water- deye ^ ^m°^+ �^ Texas Commission on Environmental Quality ( "TCEQ ") for: (1) construction, and for (2) land and easement costs for water, sewer, and drainage improvements. Further, the " per eent Full thirty percent of the district's construction costs shall be paid by the developer ,,, by , ta4e wat ^^mmis as provided in CHAPTER 30 OF THE TEXAS ADMINISTRATIVE CODE shall apply in determining the bonding allowed for water, wastewater and drainage. Additionally, that oversize portion of a water or wastewater approach main which the city has required to be constructed to serve areas outside of the boundaries of the utility district may be financed with bonds. In these cases, the city shall repay the utility district annually for the city's pro rata share of the debt retirement cost of the facility. The city shall retain the right to a"eeate its pro rata share of the f eilit y and eelleet subsegttent users impose impact fees as defined in the SAN MARCOS LAND DEVELOPMENT CODE ned in CHAPTER 86 OF THE SAN MARCOS CODE as amended or any other recovery method permitted under state law to recover for its pro rata share However, the following items shall not be allowed to be financed by the issuance of bonds and, therefore, shall not be included in the bonding package: Land or easements within the utility district or any property owned by the developers of the utility district dedicated for any water or wastewater line or facility, including treatment plants for any function related to drainage. However, bonds may be authorized for the purchase of land for irrigation purposes connected with a package treatment plant. Provided further that irrigation land purchased from the developers of the utility district must be purchased at the central appraisal district valuation. (b) Intangibles. (1) A contingency factor of ten percent 10% shall be allowed on all water, wastewater and drainage costs. (2) Construction costs shall include ten per cent for engineering and shall include all fees.