Agenda - Council - 05/25/1993 - Laserfiche WebLink

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10. Satisfaction of Sewer and Water Trunk Charges. The Subject Property has been previusly assessed for sewer and water trunk charges under City Improvement Project 84- 18. This assessment was made on the following parcel identification numbers: 25-32-25- 31-0004, 25-32-25-42-0033, 25-32-25-43-0028, 25-32-25-34-0003, which encompass the proposed preliminary plat of River's Bend 3rd Addition. The subject subdivision, which consists of 6.46 acres having 17 single family residential lots, will be charged a total of 19.4 residential equivalent charges (RECs) against the number of RECs previously assessed on these parcels. The remaining outlots will be similarly charged the appropriate number of RECs based upon City policy. That policy being: (a) single family residential property shall be charged the greater of three (3) R.ECs per acre or the actual number of single family units; (b) commercial and industrial property shall be charged 5.5 RECs per acre, and; (c) multi-family residential shall be charged the greater of 5.5 RECs per acre or the actual number of dwelling units. Upon final platting of the last developed outlot within the River's Bend 3rd Addition subdivision, a reconciliation of assessed RECs versus RECs due based upon City policy will be made. 11.Date For Supplying Financial Guarantee. The DEVELOPERS agree to supply the financial guarantee as described above to the CITY prior to the CITY ordering preparation of the plans and specifications for construction of the Stage I Improvements. II. STAGE H IMPROVEMENTS AND FINANCIAL GUARANTEES: 12. Street Cleaning. From time to time, the CITY may remove accumulations of soil, earth and debris from the streets resulting from the construction of the Plat. It shall be the DEVELOPER'S responsibility to pay the costs associated with this necessary street cleaning. Invoices from the CITY to DEVELOPERS for such costs shall be paid within fifteen (15) days of the date of invoice. 13.$tr¢~t/Tritffic Signs. Street Cleaning and Seal Coating. The CITY willinstall in the Plat, as Stage II Improvements, street/traffic signs and sealcoating. The DEVELOPERS will pay to the CITY as amount equal to 100% of the City Engineerts estimated construction cost of the items prior to recording of the final Plat. The DEVELOPERS shall also deposit an amount that is determined by the CITY to be adequate to aid in the operation and maintenance of street lights in locations determined by the City Engineer and installed by Anoka Electric Cooperative for the fkst three (3) years.