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-3- <br />Special Meeting/Council <br />January 16, 1978 <br /> <br />(The intent of this action is to protect future homeowners and <br />landowners from any hidden cost at the time homes or land is <br />acquired. The estimated escrow amount will be used to defray <br />the cost for public improvements when they are actually installed. <br />After final construction figures are available the balance will <br />be assessed against the individual pre-developed lots and/or <br />funds made to said lots if applicable.) <br /> <br />2) The developer shall furnish, install, and finance all <br />necessary public improvements at the time of final recording of <br />the plat <br /> <br />(The intent of this option is that all public facilities and im- <br />provements would be privately finance and installed since the <br />City, at this point in time, is not able to connect to a <br />Metropolitan Interceptor System.) <br /> <br />Meeting adjourned 11:58 p.m. <br /> <br />Respectfully submitted, <br /> <br />Phil D. Nereson <br />City Administrator <br /> <br />PDN: sb <br /> <br /> <br />