Laserfiche WebLink
<br />dedication or to supplement dedication shall be required in the <br />amount of $1,212.00 per acre times the difference between the Net <br />Acreage and the number of Raw Water Credits available. This fee <br />shall be collected upon approval of the first subdivision of the <br />subject property or at such other time(s) as the City may provide <br />in a written agreement with annexor or his successors. <br /> <br />8. In the event the water rights offered to the City for <br />dedication provide Raw Water Credits in excess of those required <br />by this policy, annexor shall offer any excess water rights for <br />sale to the City at current fair market value. The City may <br />enter into a written agreement to purchase all or part of any <br />such excess water rights and, in the event the City does not then <br />purchase all of such excess water rights, the City may require <br />annexor to grant to the City a right of first refusal to purchase <br />such excess water rights in the future. <br /> <br />9. Subj ect to the provisions of paragraph 10 below, the <br />owners of land to be annexed and zoned commercial or industrial <br />shall not be required to dedicate any water rights to the City. <br />However, the owners of such land shall be required at the time of <br />initiation of the annexation procedure to offer any appurtenant <br />water rights for sale to the City at current fair market value. <br />The City may enter into a written agreement to purchase all or <br />part of such appurtenant water rights and, in the event the City <br />does not then purchase all of such appurtenant water rights, the <br />City may require annexor to grant to the City a right of first <br />refusal to purchase such appurtenant water rights in the future. <br /> <br />10. The City reserves the right to require the paYment of a <br />Water Resource Fee or other considerations for raw water <br />acquisition from the owners of land zoned commercial or <br />industrial when, in the reasonable judgment of the City, the <br />development planned for such land will generate a higher water <br />demand than the average water demand for commercial and <br />industrial developments wi thin the Ci ty. Such determinations <br />shall be made at the time of subdivision and/or P.U.D. approval. <br /> <br />11. The City shall not require that ground water wells or <br />their appurtenant water rights be offered to the City for <br />dedication or purchase, nor shall the City provide any Raw Water <br />Credits for such structures or water rights. <br /> <br />12. All determinations provided for herein shall be made by <br />the City in the exercise of its reasonable judgment and shall be <br />consistent with this policy. <br /> <br />13. All transfers of water rights to the City hereunder <br />shall be by warranty deed or by assignment of the stock <br />certificate, as appropriate. <br /> <br /> <br /> <br />- 3 - <br />