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The individual pamels resulting from such a plat shall be no <br />more than five in number, including any parc:el r~mined by the <br />owner or subdivider as his homesteai. <br /> <br />The requirements of this section relating to the platting of land <br />shall be applicable to any such division of lands and properties. <br /> <br />Lands and properties abutting land and property being so <br />divided shall themselves have previously been platted and <br />divided, it being the intent of the Council not to waive the <br />requirements of this section with respect to lan& <br /> <br />J <br /> <br />The estimated market value of each parcel as determined by the <br />City Assessor following such division of land and property must <br />exceed the amount of special assessments previously levied and <br />allocated to each parcel, including the amount of assessments <br />estimated to be levied again in accordance with this section by <br />reason of such division of land and property. <br /> <br />Subd. 5. City participation, non-residential developments. <br /> <br />Certain Improvements. The owner or subdivider, engaged in the <br />development of lands and properties which are zoned for Non- <br />Residential Districts, may request City participation in the payment of <br />the costs of the installation of sanitary sewer, water system, storm <br />sewer, streets and curb and gutter, park, trail and street light <br />improvements required by this Section and, in such event, such owner <br />or subdivider shall comply with the requirements of this Section. City <br />participation shall be as determined by the City Council pursuant to a <br />performance contract. The Council shall, on a case by case basis, <br />determine infrastructure impact on areas outside the subdivision. City <br />required oversizing of infrastructure'beyond the appropriate standard <br />residential or commercial equivalent shall be eligible for funding by <br />the CID,. Source of City funding shall not be a determinate of <br />O_nancial participation. <br /> <br />Assessments. The procedure for the installation and assessment of <br />the cost of improvements under this Section shall be the same as that <br />provided for improvements in areas zoned for Residential <br />classifications pursuant to §9.50.50 Subd. 4 except that: <br /> <br />Special assessments for the cost of sanitary sewer, storm water <br />and water system improvements shall be for a period of ten <br />),ears; and <br /> <br />The bond or letter of credit guaranteeing payment of the special <br />assessments for sanitary sewer, storm water and water system <br />improvements shall obligate the owner or subdivider for the <br />length of the assessment. <br /> <br /> Subd. 6. Subdivider may perform work, election. The owner or <br />subdivider may elect to construct the improvements required by this Section at his own <br />expense and without City participation in the expense thereof, in such event, the owner or <br />subdivider may retain an engineer and contractor to plan, design and install such services, <br />subject to review and inspection by the City Engineer. The estimated cost of the <br />improvements, including the administrative charges of the City for supervision and <br /> <br /> <br />