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CASE #3: <br /> <br />Council Action: Your action on this is not necessary but it <br />should be noted in the minutes that you are aware of the <br />assessor's direction from the County. <br /> <br />CHAPTER 429 SPECIAL ASSESSMENT PROCEDURE FOR NEW PLATS: <br /> <br />As requested at its August 26, 1980 meeting the following is <br />a list of the "pros and cons" concerning the proposed Chapter <br />429 special assessment procedure for new plat improvements. <br /> <br />a) Pros: <br /> <br />1) More to developer economicallybecause of lowering <br /> costs: <br /> <br />2) No duplication in engineering. <br /> <br />3) <br /> <br />Less staff time spent in finalizing out projects. <br />Now a tremendous amount of follow up time is spent <br />checking out to see that the developer completes <br />projects. It should be that there will be more ad- <br />ministrative time spent at the beginning of the <br />project for the City. <br /> <br />4) City has good overall control of quality of project <br /> and its t~m~ug. <br /> <br />b ) Cons: <br /> <br />1) Major City policy change causing total government <br /> involvement in improvements. <br /> <br />If default in assessment payments City will end up <br />picking up payments, but also will end up owning the <br />land. Special provision will have to be written in <br />agreement to establish some safeguards. <br /> <br />3) <br /> <br />If cash needs for bond payments, which is not avail- <br />able from the respective improvements fund, City will <br />need to levy for additional,-which means the entire <br />City will be required to make the debt payment. <br /> <br />There can be no variation on the policy. If we permit <br />it for one.we permit for all and vice versa, in order <br />to be consistent and not arbitrary. <br /> <br />In checking with the following Cities they all do finance new <br />plat public improvement industrial, commercial, residential <br />through City bonding power: <br /> <br />a) Coon Rapids <br />b ) Blaine <br />c) Maple Grove <br />d) Eden Prairie <br />e ) Chanhassen <br /> <br /> <br />