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87-144 . . . RESOLurICN 00. / A RESOLurICN PROVIDING FUR 1HE ISSUANCE OF A SPECIAL CREDIT AGAINST MUNICIPAL WATER amECI'ICN OIARGES FOR 1HE <XNSTRUCl'ICN OF OVERSIZED WATERVIAINS WIlliIN 1HE PIAT OF BRENIRIDGE WHEREAS, Shorewood City Code Section 903.03, Subd. 4, provides for the City to charge a property owner who wishes to connect with the municipal water system "a connection charge as determined by resolution of the City Counc i 1"; and WHEREAS, by its Resolution No. 80-87, adopted June 22, 1987, the City Council prescribed certain factors for determining such connection charges; and WHEREAS, the Developer and owners of the plat of Brentridge are subject to the water connection charges as set forth in said resolution; and WHEREAS, the City has requested the Developer of the plat of Brentridge to construct oversized watermains within the plat so as to provide additional capacity in order to serve other developments outside the plat of Brentridge; and WHEREAS, the Developer has agreed to construct such oversized watermains with the understanding that it will receive a special credit to be applied against the normal water connection charges prescribed by Resolution No. 80-87. IDV, 1HEREFORE, BE IT RESOLVIID by the City Council of the Ci ty of Shorewood as follows: 1. That the municipal water connection charges for lots within the plat of Brentridge shall be computed in the manner prescribed by Resolution No. 80-87. 2. That a special credit shall be applied against these charges, which credit shall be an amount equivalent to the difference between the Developer's cost for construction of 6-inch watermains within the plat of Brentridge and the Developer's cost for the construction of 12-inch watermains within the plat, as requested by the City. 3. That such credit may be apportioned and applied to each lot within the plat or, upon the Developer's request, paid out in total to the Developer at the time of completion and acceptance by the City of the said 12-inch watermain system within the plat. AOOPI'ED BY 1HE CI1Y CUJNCIL of the Ci ty of Shorewood this <2 to day of /J(Ji/4: "Il! / ,1987. Robert Rascop, Mayor ATrEST: Sandra L. Kennelly, City Clerk