Agenda - Planning Commission - 01/07/2016

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ORDINANCE #16-_ CITY OF RAMSEY ANOKA COUNTY STATE OF MINNESOTA AN ORDINANCE AMENDING CHAPTER 117-615 (CONSTRUCTION OF IMPROVEMENTS) OF THE RAMSEY CITY CODE AMENDING THE APPROVED FORMATS FOR WARRANTY. The City of Ramsey Ordains: SECTION 1 AUTHORITY This ordinance is adopted pursuant to and under the authority of the City Charter of the City of Ramsey. SECTION 2 AMENDMENTS Section 117-615 is amended to revise the following language (added language underlined, deleted language strike through): Sec. 117-615 — Construction of Improvements (1) Warranty. The city shall, where appropriate, require a subdivider submission of a warranty/maintenance bond financial guarantee in the form of a cash escrow or letter of credit in the amount equal to that established by the development agreement 25% of the cost of the Stage I and Stage II improvements as required by this Article which shall be in force for one year following the final acceptance of any required improvements and shall guarantee satisfactory performance of said improvements. SECTION 3. SUMMARY The following is the official summary of Ordinance #16-_, which has been approved by the City Council of the City of Ramsey as clearly informing the public of the intent and effect of the Ordinance. It is the intent and effect of Ordinance #16- to amend Ramsey, Minnesota City Code Chapter 117-615 to align the code with the City's current practices. The City has a longstanding informal policy of not accepting warranty and maintenance bonds due to the logistical difficulties of collecting on them. Instead, the City has been collecting 25% of the Stage I and Stage II costs in the form of cash or a letter of credit. The new language will formalize this policy in the code. SECTION 4. EFFECTIVE DATE The effective date of this Ordinance is thirty (30) days after its passage and publication, subject to City Charter Section 5.07. Adopted by the Ramsey City Council the th day of , 2016. Mayor Sarah Strommen Page 1