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ORD 439 4/12/1994ORDINANCE 439 LAND SUBDIVISION ORDINANCE AMENDMENT AN ORDINANCE BY THE CITY OF CIBOLO TO SUPERCEED AND AMEND A SECTION OF "CITY OF CIBOLO ORDINANCE # 385" DEALING WITH SUBDIVISIONS IN THE CITY AND ITS EXTRA -TERRITORIAL JURISDICTION; GOVERNING THE ABILITY TO REQUIRE PERFORMANCE BONDS OR LETTERS OF CREDIT FROM SUBDIVISION DEVELOPERS TO ESTABLISH THE ABILITY TO COMPLETE INFRASTRUCTURE NECESSARY FOR RESIDENTIAL NEIGHBORHOODS. WHEREAS the City Council of Cibolo is solely responsible for the financial activities of the -City; and WHEREAS the ability to require that subdividers prove fiscal ability to complete water lines, sewers, streets, curbs, and other such infrastructure as is necessary in residential neighborhoods; and WHEREAS Ordinance #385 reserved the power to require posting of a bond or letter of credit to the Planning and Zoning Commission; - and WHEREAS the City Council of Cibolo seeks to reserve this power and authority to itself; and WHEREAS the old language states Under Section IV, subsection B. Final P1at,,.Paragraph 3)p, -the Subdivision Ordinance "...the Planning and Zoning Commission, at the direction of the, City Council, may require such security as it, in its sole discretion, may deem best in order to insure the orderly development within any subdivision, -specifically including but not limited to, a performance bond equal to the estimated cost of the improvements; a bank letter of credit; a personal guarantee; or by requiring the subdivider to grant a lien upon the property. contained in such subdivision in favor of the City of Cibolo to secure the estimated cost of such improvements." and WHEREAS the City of Cibolo wishes to substitute the NEW LANGUAGE to the wishes of the City Council; punolvQr 10 pj�Tapnw 0; fyo Alps GwmD'j:! OF 0 mop 4 1 IC!, K 1 .(,!.0 V1',G4, r 0- A no T'o 0PK7FjF TShFV?V ZITO= QFCF2vWYX POP 017WP AITKQn Annnc) CJ�Mj 09LN 75, on wA wVnbryx 7n q: y -r ; y Air" 1 44 VMC 1 , - 1 K DKY" 4 K w ORD # 439 page 2 of 2 NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CIBOLO TEXAS: The City of Cibolo, Texas does hereby authorize the amending of the Subdivision Ordinance as stated in the NEW LANGUAGE passage as it appears below. "...the City Council, upon recommendation of the Planning and Zoning Commission, may require such security as it, in the Council's sole discretion, may deem best in order to insure the orderly development within any subdivision, specifically including but not limited to, a performance bond equal to the estimated cost of the improvements; a bank letter of credit; a personal guarantee; or by requiring the subdivider to grant a lien upon the property contained in such subdivision in favor of the City of Cibolo to secure the estimated cost of such improvements." PASSED AND APPROVED THIS 12th DAY OF APRIL, 1994 SAM BAUDER MAYOR, CITY OF CIBOLO ATTEST: & MW CHARLES A. BALCAR City Administrator/ City Secretary 1—