Agenda - Council - 04/12/2011 - Laserfiche WebLink

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Staff researched a sample of metro cities (Edina, Maple Grove, and Minnetonka) with significant experience dealing with financial sureties. Each of these three communities, based on Staffs interpretation of these codes, required a financial surety of at least the amount of the required improvements until such time the improvements were completed. Staff will be prepared to illustrate impacts to pending developments in the City with different alternative surety scenarios at the meeting. There is a further concern that without the financial surety the developer of the project may may not require a Certificate of Occupancy for awhile, dragging out the project. This could impact the completion of the City's required improvements, such as roadways and utility trunk systems, that may impact the timing of development for adjacent properties. The ordinance was introduced by the City Council on April5, 2011. The proposed ordinance was scheduled for review by the Planning Commission on April 7th. The Planning Commission recommendation was not available at time of this agenda. Staff will provide an update at the meeting of the Planning Commission recommendation. Recommendation: Based on Planning Commission review on April 7, 2011. Funding Source: The ordinance is being processed as part of regular staff duties. Council Action: Motion to waive the City Charter requirement to read the ordinance aloud -AND- Adopt/not adopt the ordinance amending the City's subdivision ordinance related to financial sureties. Roll Call Vote: Councilmember Elvig Councilmember McGlone Councilmember Wise Councilmember Backous Councilmember Tossey Councilmember Jeffrey Mayor Ramsey League of Minnesota Cities Subdivision Guide Proposed Ordinance Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 04/07/2011 02:24 PM Form Started By: Tim Gladhill Started On: 04/01/2011 09:31 AM Final Approval Date: 04/07/2011