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B. Financing <br /> 1. Existing Subdivisions <br /> <br /> a. 100% assessable to benefitted property owners <br /> <br /> 1. Term (Committee decided that it should be found out by City <br /> Staff if terming to 15 years rather than 10 years would make <br /> a difference on the City's bonding rating). <br /> <br /> 2. Assessment commences when lateral service is available to <br /> property. <br /> <br /> 3. Unit basis. <br /> <br /> 4. All zoning districts have same procedure. <br /> <br /> 2. Unsubdivided Land <br /> <br /> a. Consistent with capitol improvements budget. <br /> <br /> b. Assess through Chapter 429 75%, remaining 25% to be paid by <br /> developer upon acceptance of improvement by City, which acceptance <br /> is when City executes a development contract with developer. <br /> <br />At this point the Committee agreed that the meeting should adjourn, that the <br />City Attorney now has a basic format which to follow and that he prepare a <br />rough draft of the ordinance accordingly. The Committee also requested that <br />even though the format for Financing was not completed at the meeting, the <br />City Attorney follow through with the following: <br /> <br /> 3. Public Property <br /> <br /> 4. Unbuildable Lands <br /> <br />Committee also requested that City Attorney follow through with: <br /> <br />C. Deferrals <br /> 1. Existing Subdivisions <br /> <br /> 2. Unsubdivided Land <br /> <br /> 3. Public Property <br /> <br /> 4. Unbuildable Lands <br /> <br />D. Hook-up Policy <br /> <br /> 1. Existing Subdivisions <br /> <br /> 2. Unsubdivided Land <br /> <br /> 3. Public Property <br /> <br /> 4. Unbuildable Lands <br /> <br />Ad Hoc/Public Improvements <br /> Page 3 of 4 <br /> October 18, 1982 <br /> <br /> <br />