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City Staff is recommending that Dalles R.V. be granted an extension to October 30, t997 to <br />complete the required site improvements in lieu of investments being made for building <br />improvements and the fact that City Code has established a 1997 date for non-conforming <br />properties to install site improvements. City Staff recommends denial of the request to waive the <br />financial guarantee requirement. The financial guarantee was originally established at $47,868.00, <br />That amount has been reduced to $36,868.00 based on the amount of improvements installed to <br />date. <br /> <br />If providing a letter of credit is a hardship, there is another very economical form of financial <br />guarantee acceptable to the City and it is called a Pledge and Payment. Mr. Notermann should be <br />encouraged to meet with Finance Officer Jessie Hah regarding the possibility of fulfilling his <br />obligations with a Pledge and Payment. <br /> <br />Council Action: <br /> <br />Modon to: <br />Approve/deny Dalles R.V.'s request and grant an extension to October 30, 1997 for the <br />installation of required site improvements at 7103 Hwy, #10 N.W. <br /> <br />Review Checklist: <br /> <br />CC: <br /> <br />Cit-), Admirdstrator <br />Finance Officer <br /> <br />2/22/94 <br /> <br /> <br />