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AN AMENDMENT TO CHAPTER 117 WHICH IS KNOWN AS THE ZONING AND <br />SUBDIVISION OF LAND CHAPTER OF THE CITY CODE OF RAMSEY, <br />MINNESOTA. <br />AN ORDINANCE AMENDING ARTICLE III OF CHAPTER 117 OF THE CITY CODE <br />OF RAMSEY, MINNESOTA. <br />The City of Ramsey ordains: <br />SECTION 1. AMENDMENT <br />Chapter 117, Article III of Ramsey City Code shall be amended to include the following: <br />Section 117 -6.25 Council Discretion to Set Financial Guarantees. <br />Notwithstanding anything to the contrary in Article II, Sections 117 -615 through 117 -624, the <br />City Council may waive any subdivider or developer required financial security or length of <br />special assessment repayment requirements described in said Article III in lieu of alternative <br />financial security or special assessment repayment requirements that the City Council finds to be <br />adequate to guarantee payment of any subdivider or developer obligations required in said <br />Article III. <br />SECTION 2. SUMMARY <br />ATTEST: <br />ORDINANCE #11- <br />CITY OF RAMSEY <br />ANOKA COUNTY STATE OF MINNESOTA <br />The following official summary of Ordinance #11- has been approved by the City Council of <br />the City of Ramsey as clearly informing the public of the intent and effect of the Ordinance. <br />It is the intent of this Ordinance to amend the Article III of the Ramsey City Code to provide <br />City Council discretion to set financial guarantees. <br />SECTION 3. EFFECTIVE DATE <br />The effective date of this ordinance is thirty (30) days after its passage and publication, subject to <br />City Charter Section 3.9. <br />Adopted by the Ramsey City Council the day of , 2011. <br />Mayor <br />