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RESOLUTION R-1920-71: A RESOLUTION OF THE TRUSTEES OF THE NORMAN UTILITIES AUTHORITY APPROPRIATING $23,301 IN REVENUE COLLECTED FROM THE 36TH AVENUE INTERCEPTOR PAYBACK PROJECT AND THE 36TH AVENUE FORCE MAIN PAYBACK PROJECT AND DEPOSITED IN THE WASTEWATER FUND BALANCE AND AUTHORIZING PAYMENT TO THE PAYBACK PROJECT INVESTORS.
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BACKGROUND: The City Council approved Resolution R-9900-46 on October 26, 1999 and Resolution R-9900-26 on September 14, 1999 declaring the 36th Avenue Interceptor and the 36th Avenue Force Main projects as payback projects. These actions enable the investors in the payback projects to recover costs from property owners benefiting from the project. In addition, the Norman Utilities Authority and the investors entered into payback agreements K-9899-36 and K-9900-45 for the 36th Avenue Interceptor and the 36th Avenue Force Main projects, respectively.
In accordance with these agreements, property owners benefiting from the projects are required to pay back their share of the project as their parcels develop. The amount of payback collected is based on the acreage of the land developed, the land use, and the estimated wastewater flow. In accordance with the agreements, the City collects a 2% fee for administering the collection and distribution of the payback fees. Payback funds are deposited in the Wastewater Recoupment revenue account (Org 329, Object 364254) prior to disbursement to the investors.
The completion of the Little River Interceptors in February 2011 provided an alternate sewer solution that eliminated the Carrington Lift Station and force main and greatly reduced wastewater flows to the 36th Avenue NW Interceptor. Resolutions R-1112-97 and R-1112-98, adopted January 10, 2012 releases those parcels no longer accessing the 36th Avenue NW Interceptor and the 36th Avenue Force Main, and continues the payback for those parcels utilizing the interceptors when they develop. The parcels subject to payback, as of January 2...
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