Resolution - #80-118 - 09/23/1980

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Councilman Cox introduced the following resolution and moved for its adoption: RESOLUTION 80-118 WHEREAS, there are certain overall economics available when the City permits required improvements in plats to be installed using the Chapter 429 special assessment procedures, and WHEREAS, the Chapter 429 procedure gives the City quality con- trol and timing control over improvement construction in plats. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: -- The City Co~mcil hereby authorizes City Staff to draft the appropriate ordinance language, including all necessary safeguards, in order to implement a City policy whereby the required City plat improvements are constructed and financed pursuant to ~innesota Statutes Chapter 429. The safeguards shall include: a) Escrow paid by developer to cover plans and specifications preparation amd public hearing expenses. b) Escrow by developers of City's administrative cost. % of project to cover c) Permit no lot to be sold without payment of out- standing specials. d) Maximum debt retirement of ten (10) years. e) Developer escrow first two (2) years of principal and interest payments. f) The developer and City enter into a Development Contract detailing their respective agreements and re- quirements. g) Developer agrees to reimburse the City for all of its costs incurred in connection with the project includ- ing construction costs, engineering and legal fees, in- spection fees, cost of acquisitions, etc. The ~tion for the adoption of the foregoing resolution was duly seconded by Co~ncilmanMickelson and upon vote being taken thereon, the following voted in favor thereof: Mayor Gamec, Councilmen Sorteberg, Reimann, Mickelson and Cox