HomeMy WebLinkAboutOrd 55 Prescribing Conditions precedent to the Abolishment of Denton County Municipal Utility Districts 1-5ORDINANCE NO. 55
AN ORDINANCE PRESCRIBING CONDITIONS PRECEDENT TO THE
ABOLISHMENT OF THE PROPOSED DENTON COUNTY MUNICIPAL
UTILITY DISTRICT NOS. 1 THROUGH 5; MAKING PROVISIONS
RELATIVE THERETO; AND DECLARING THAT SAID ORDINANCE
SHALL BE EFFECTIVE UPON ITS ADOPTION
WHEREAS, the Town Council has been presented with a Petition
for the creation of the proposed Denton County Municipal Utility
Districts No. 1, No. 2, No. 3, No. 4 and No. 5; and
WHEREAS, in connection with their consideration thereof, the
Town Council has determined that an Ordinance should be enacted
with regard thereto, and as a part thereof, whereby the Town Coun-
cil prescribes certain conditions precedent to the abolishment of
said Districts; therefore
BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE? TEXAS:
1. That in connection with the granting of its consent to
the inclusion of land and the creation of the proposed Denton
County Municipal Utility Districts No. 1, No. 2, No. 3, No. 4 and
No. 5, the Town Council has determined that it is essential to
provide that said Districts, or any of them, may not be abolished,
and the assets and liabilities thereof assumed by said Torn, until
such time as the total revenues, receipts and income of said Dis-
tricts for its preceding fiscal year (audited) exceeds all expenses
and costs of the Districts for such period, including all debt
service requirements and all maintenance and operating expenses,
by sufficient margin to insure that the abolishment of the Dis-
tricts and the assumption of its assets and liabilities will not
place a financial burden on the Town.
2. That the Town Council declares that this provision was a
condition precedent to the giving of its consent to the inclusion
of land and the creation of said Districts, and makes such condi-
tion an integral part of the giving of its consent to the inclusion
of land in and the creation of said. Districts.
3. That the adoption of this Ordinance shall not be construed
to waive or revoke any of the Town's rights a. -,d remedies provided by
the laws of this State in the event that any of the aforesaid Districts
violates any of the terms and provisions contained in the Town's
Ordinance consenting to the inclusion of land in and the creation of
said Districts.
4. That this Ordinance shall become effective immediately
upon its adoption and shall remain in full force and effect from
the date hereof.
PASSED AND APPROVED this 164Ch day of August, 1973.
Magor, Town of We`s-t ake, Texas
ATTEST:
Town Secretary,
Town of Westlake, Texas
(SEAL)
1, the undersigned, Mayor of the Town of Westlake, Texas
hereby officially approved the above and foregoing Ordinance
No. 5�37. Done this 16th Day of August, 1973.
6-111
Mayor, Town o " Westlake, Texas
ATTEST:
Town Secret y
Town of Westlake, Texas
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