Agenda - Council - 10/28/1980 - Laserfiche WebLink

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RESOLUTION 1180- WHEREAS, the Ramsey City Council finds that substantial economic savings will exist if the City permits required subdivisions im- provements to be financed through the M.S.A. Chapter 429 special assess- ment procedures; and WHEREAS, the City Council finds that said economic benefit will benefit both the City and the developer, thereby being a the financial welfare of the citizens of Ramsey; and 429 WHEREAS, the City Council finds that the M.S.A. Chapter over financing procedure gives the City better quality and timing installation of the required improvements which control is beneficial to the welfare of the citizens of Ramsey. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA, as follows: 1) That the City of Ramsey establishes as policy the right of any developer to apply to the City to finance the required subdivision im- provements through the Chapter 429 special assessment procedure, including residential, commercial and industrial subdivisions. 2) That notwithstanding paragraph No. 1 above the City Council must still approve the Chapter 429 procedure in accordance with the State law relating thereto and nothing in this resolutionaisointended t a the City Council's right to approve to disapprove, 429 improvement projects on a project by project basis. 3) That if the Chapter 429 procedure is approved the following shall be required: a) That the developer enter into a performance contract with the City detailing the various soe elements im- and provement project, its financing, subdivision code re- requiring compliance with all City quirements, City resolutions and policys. The developer d shall deposit with the City escrow amounts guarantee form a andt amount approved by the City in order to g P ym of the above costs. b) That the Developer shall agree to fully reimburse the City for all costs incurred by the City including, but not limited to, the actual cost of construction of said improve- ments, engineering fees, legal fees inspection easements, terest fees, costs of acquisition of necessary if any, and any other cost incurred by the City relating to the Development Contract and the installation of the im- provements.