Laserfiche WebLink
I <br />I <br />I <br />I <br />I <br /> <br />FHA and VA approval. The City will not participate in the <br />payment of improvement costs as described in this Section unless and <br />until the Citx has on file a certificate indicating that the proposed <br />developmem has both FHA and VA approval. <br /> <br />Requirements Waived. The City Council, in it's discretion, may <br />waive the foregoing requirements of this section if all of the following <br />conditions are met: <br /> <br />The owner or subdivider must reside on the property being <br />developed and such property must have been classified for tax <br />purposes as the owner or subdivider's homestead. <br /> <br />The division of the property must include the entire property, <br />meet the requirements of the Zoning Code for division of <br />property and such division must be achieved by an approved and <br />recordable plat. <br /> <br />The individual parcels resulting from such a plat shall be for <br />single family residential use only and each such parcel shall be <br />of such size, configuration and topographical quality as to be <br />capable of accommodating a single family residential structure. <br /> <br />Subd. <br /> <br />The individual parcels resulting from such a plat shall be no <br />more than five in number, including any parcel retained by the <br />owner or subdivider as his homestead. <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 land. <br /> <br />The estimated market value of each parcel as determined by the <br />City Assessor following such d/vision 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 proper'a.,. <br /> <br />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 /> <br /> <br />