Once the new subdivision has been developed so that fifty percent (50%) of the lots in the new subdivision are occupied and WRECC has recovered all its costs related to the special taxing district, WRECC shall notify the City and the special taxing district and tax assessment shall terminate. At the termination of the special taxing district, the City shall be responsible for all future street lighting installation, including energy costs, maintenance and all other costs in compliance with current guidelines.
(Ord. BG2001-57, 11/20/2001; Ord. BG2016-49, 1/3/2017; Ord. BG2019-36, 8/20/2019)