Minutes - Council - 09/22/1992 - Laserfiche WebLink

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Case //6: I E~erald Pond Public Improvement. With the col plcgDn of the Wood Pond Projects subdivisions, a park known as Emerald Pond was dedicated, he ~evelopment agreements for the Wood Pond Projects included provisions to generate fu~. ~g~or the development of the park. At the present time, a total of $34,602 has been received frd ~ tlllgse subdivisions as park dedication requirements placed in the development agreements t ir tl~se subdivisions. In addition, a total of $56,600 will be special assessed, again in accordan~ wi.~ the development agreements for these subdivisions. This allows a budget of $91,202 fot~tn~vements in Emerald Pond Park. In addition to this money, approximately $31,627 wffi'.!b¢ i~leAicated from future phases of the Wood Pond Projects subdivisions. The developm¢~rt~ag~r, ements anticipated the development of the park simultaneously with the developme~..bf .~.e subdivisions. In keeping with the spirit of this agreement, we are proposing to initiate cons~cti~n of improvements for the park. Councilm~r ~I~din asked if we proposed a bond issue for the remaining $56,600. Finance Offal ,n' .~I~lling replied that these assessments would be covered under a bond issue. She also stated th t City's current financial advisor would like the City of Ramsey to go to market x~t,;~but neither she nor C~ty Administrator Schroeder are convinced of the merit in with this pr~ ~ ....... going to mall ~t. Councilmcral ~ ~ardin would like to see the parks developed at the start, but is not in favor of borrowing t~: ~tnd the improvements. City Admini~ ~atO~' Schroeder stated that building permits for that area are above the projections for 1992, whieh~,iit tu~, means that a higher percentage of the park dedication requirements have been collected th.ah iwe/~ anticipated. Motion by ~nc~lmember Peterson and seconded by Councilmember Hardin to expend $91,202 for Emerald~l:~ond}Park improvements upon availability of funding. Motion card~. '. ~ofing Yes: Mayor Gilbertson, Councilmembers Peterson, Hardin, Beyer and Zimmerman~ No~mg No: None. Case 07: P~icy for Assisting Individuals with Hookup Charges to Water and 'Server Utilities Receiving Availability from Subdivision Extensions. At the June i~ ~, 1~}92 City Council meeting, it was pointed out that the extension of sewer and water servic~: n ~ Ramsey Meadows Addition would provide availability of municipal services to a property ~u ~i ~d~, the plat. It was acknowledged that similar occurrences will be likely as the City's Urb~l ~er~_ce Area subdivisions continue to increase. The rationale for the mandatory two year time li~ t f~ hookup to municipal services was discussed at the August 11, 1992 meeting. City Counci~ ~ugl~ested the possibility of allowing a 12 month extension of the two year hookup period for i~ ivi~als who had recently invested significant amounts of money into repairing or replacing their o~;-site system. With regard to this suggestion, Staff has amended its proposed policy to allbl ~' a One year extension to individuals who have replaced either the septic tank or drainfield ~ in ~ period of 12 months prior to the sewer becoming available. A second ~s$~qe n ~sed was the ~nterest rate wMch would be charged. The new policy wording allows the ~esl rate relating to the prime lending rate to be set by City Council resolution on an annual basis~ City Council / September 22, 1992 Page 7 of 10