1. District Established. There is hereby established a connection fee district to be known as Hickman Sewer District 2001 for connection of the property described herein to the Hickman Sewer District 2001 and providing for fees therefor.
2. Connection Fees.
A. A connection fee is hereby established and imposed upon the owners of property within Hickman Sewer District 2001, who shall hereafter make application to connect their property to the Hickman Sewer District 2001, or sewer lines connected thereto. The connection fee shall be $4,492.96 per acre of gross land within the development, streets, and common spaces inclusive.
B. The aforementioned connection fees shall be escalated at the rate of five percent per year, compounded annually commencing on January 1, 2012. Commencing January 1, 2013, no further interest increases shall occur.
3. Eligibility For Connection. The following provisions for connection of property within the connection fee district, in existence or under construction upon the effective date hereof, and the following procedures for future division of property within the benefited district shall be applicable: All property located within the corporate limits of the City and within Hickman Sewer District 2001 shall be eligible for connection to the Hickman Sewer District 2001 upon approval of an application for connection by the owner thereof, as provided by the City, and payment of the connection fee for such property; provided, capacity in said sewer is then available; and provided, such property has been appropriately subdivided for development; and further provided, all sanitary sewer improvements necessary to serve said property have been constructed and approved by the City.
4. Land Description. The following described real estate is hereby designated as Hickman Sewer District 2001:
Beginning at the northwest corner of the Southwest Quarter of the Southwest Quarter of Section 26, Township 79 North, Range 26 West; thence easterly to the northeast corner of the Southwest Quarter of the Southwest Quarter of said Section 26; thence southerly to a point 1,034.5 feet north of the south line of said Section 26; thence easterly 300.0 feet; thence southerly 494.5 feet; thence southeasterly 387.33 feet, more or less; thence southerly 295.0 feet to a point on the south line of said Section 26; thence westerly along the south line of said Section 26 to a point 660 feet east of the southwest corner of said Section 26; thence northerly 330.0 feet; thence westerly 660.0 feet to the west line of said Section 26; thence northerly along the west line of said Section 26 to the point of beginning; except for highway right-of-way, streets, and roads.