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I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />2) <br /> <br />Standards of eligibility to back bonds. Financial security, assets, <br />liabilities, history of other projects, other long and short term <br />financing. <br /> <br />3) Require performance bond for "X"% of project payable to City for default <br /> of project. <br /> <br />4) Liability insurance in "X"$ to insure that accidents will not result in <br /> project default. <br /> <br />5) <br /> <br />6) <br /> <br />7) <br /> <br />Require that certain % of labor force to construct project be hired from <br />City residents. <br /> <br />Establish minimum sized project that will qualify for bonding (either <br />acreage, $, potential jobs, potential tax revenues, etc.). <br /> <br />Evaluation of other districts, areas or lands benefited or potentially <br />using the services and utilities provided in the development and <br />formulation of policy on how costs are to be shared. <br /> <br />8) Items listed in the agenda for August 10, 1982. <br /> <br />I <br />I <br />I <br /> <br />Other issues that should be addressed and policies formulated include: <br /> <br />1) Sewer versus water versus both versus neither. <br /> <br />2) <br /> <br />Providing sewer and water only in Industrial/Commercial district, and in <br />1990 urban area and along critical rivers area - unplatted land and in <br />areas that currently have "small lots" (Rivlan Avenue) versus sewering <br />and watering newer - relatively low density subdivisions that can exist <br />adinfinitum with private wells and septic tanks/drainfields. <br /> <br />I <br />I <br />I <br /> <br />3) <br /> <br />4) <br /> <br />5) <br /> <br />Bonding only for part of the utilities, i.e., not for streets, stormwater; <br />as these costs have to be picked up by individual developers in the rural <br />area without the benefit of using bonds. <br /> <br />Set a maximum distance from existing services that the City will consider <br />bonding to prevent forcing parcels to develop. <br /> <br />Establish where trunk lines will go so that individuals will not try and <br />force City to run a trunk line and pro rate cost to all taxpayers. <br /> <br />6) Since the developer has to pay his bills and government don~t, let him <br /> pay them without using the financial backing of the City. <br /> <br />I <br />I <br />I <br /> <br />Mr. Lichter <br /> <br />Information needs for proposed policy regarding financing public utilities: <br /> <br />1) Methods of financing public improvements needs: <br /> a) A brief synopsis of methods available. <br /> b) Advantages and disadvantages of each. <br /> <br />I <br />I <br /> <br />c) Impact on taxpayer for each method. <br /> <br />Ad Hoc/Public Improvements <br /> Page 3 <br /> August 16, 1982 <br /> <br /> <br />