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I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I' <br /> <br />:i <br /> <br />Subd. 5. <br /> <br />Lands and properties abutting land and property being so divided shall <br />themselves have previously been platted and divided, it being the <br />intent of the Council not to waive,the requirements of this Section with <br />respect to land. <br /> <br />The estimated market value of each parcel as determined by the. <br />Assessor follOwing such division of land and property must exceed the <br />amount of special assessments previously levied and allocated' to each <br />parcel, including the amount of assessments estimated to be levied <br />again in accordance with this Section by reason of such division of <br />land and property. <br /> <br /> City Participation, Non-residential Dfivelopments 9.50.50 <br /> <br />go <br /> <br />Certain Improvements; The owner or subdivider, engaged in the <br />development of lands and properties which are zoned for Non-Residential <br />Diat~ctg, may request City participation in the payment of the costs of the <br />improvements as listed in 9:50.50 Subd. 2a 1 and~.'~ <br /> <br /> a~,~;_.~ ,... a.^ r,:,~, r, ..... :~ negotiated with <br />City participation shall be aa .............. .~ ...... .~ <br />the Developer and established by the City Council pursuant to entering into <br />a t~,.~ ........... contractDevelopment A_o-reement. The Council 'shall',- on a <br />case by case basis, determine infrastructure impact' on areas outside the <br />subdivision. City. required oversizing of infrastructure beyond- the <br />appropriate standard residential or commercial equivalent shall be eligible <br />for funding by the City. Source of City funding shall not.be a determinate <br />of financial participation. <br /> <br />Assessments. The procedure for the installation and assessment of the cost <br />,of improvements under this Section shall be the same as that provided for <br />improvements in areas zoned for Residential classifications pursuant to <br />§9.50.50 Subd. 4 except that:' <br /> <br />1 ~v .................. for '+"^ ' ' s ........... r and <br /> <br /> ..................... ancial sure_ry. _~tarantee ng ayment of <br /> the special· assessments for sanitary sewer, storm ·water· and water <br /> system improvements shall obligate the owner or ·subdivider for the <br /> length of the assessment. <br /> <br /> Subd, 6. Subdivider May PerforTM Work, Electi°n. The. owner or <br />subdivider may elect to construct the improvements required by this Section· at his own expense <br />and without City participation in the expense thereof. In such event, the owner or subdivider <br /> <br />December 2002 Draft <br /> <br />9-59 <br /> <br />105 <br /> <br /> <br />