HomeMy WebLinkAbout79-009CITY OF LAKEVILLE
RESOLUTION
Date February 20, 1979 Resolution No. 79-9
Motion by Curry Seconded by Spande
RESOLUTION ESTABLISHING POLICY, REQUIREMENTS AND CONDITIONS
FOR THE MAKING OF PUBLIC IMPROVEMENTS IN SUBDIVISIONS AND
DEVELOPMENT PROJECTS
WHEREAS, the City Council of the City of Lakeville believes it to be
in the public interest to set policy that controls, assists and assures the mak-
ing of public improvements in accordance with Ordinance requirements; and
WHEREAS, the participation of the City of Lakeville in design, financ-
ing, construction, inspection, and acceptance of public improvements will, under
specific conditions, assist the orderly and effective development of the City.
NOW THEREFORE, BE IT RESOLVED by the City Council that the following
policy and requirements for public improvements be established.
A. Developer Plan, Terms and Conditions.
1. A developer agreement shall be prepared by the City Attorney
that includes the requirements of use of standard specifica-
tions supplied by the City Engineer; approval of the plans
and specifications by the City Engineer; estimated costs of
the improvements approved by the City Engineer; a financial
security equal to 125% of the estimated cost approved by
the City Attorney; full time project inspection made by the
City with the costs paid by the developer; and final inspec-
tions made by the City Engineer and any other City officials,
with final acceptance of the improvements subject to the
approval of the City Council.
2. The City of Lakeville shall charge for all administrative,
engineering, inspection and legal costs, and may require
deposits sufficient to cover the estimated costs to the City.
B. City/Developer Plan, Terms and Conditions
1. Developer files a written petition requesting the City Coun-
cil to authorize the making of any or all required public
improvements.
2. Developer shall submit written information of the ability
to deposit preliminary report and design fees, and finan-
cial security to pay the entire estimated cost of the
public improvements including interest on the special
assessment.
3. Upon the satisfactory compliance with required deposits and
financial security, the City Council may approve the peti-
tion requesting the public improvements and authorize the
preliminary reports; plans and specifications; letting of
contracts; construction, inspection, acceptance and assess-
ments for the project.
4. The City of Lakeville will finance, under appropriate Minne-
sota Statutes, 100% of the costs for the various public im-
provements. The total costs may be assessed over a period
of five years with one-fifth of the principal due each year
at an interest rate up to the legal limit on the unpaid prin-
cipal each year.
5. Provide financial security satisfactory to the City Council
equal to the entire principal and interest on assessment
roll, with payment guaranteed on or before May 31 and Octo-
ber 31 each year, and with prepayment required within 120
days after securing a building permit for a residence to
be constructed on a lot within the subdivision, or at the
time the subdivider orders a Certificate of Occupancy for
a residence constructed by him, whichever is sooner, or
at such time as the subdivider shall enter into a sales
agreement to sell a lot without a residence when said sales
agreement extends beyond the term of the developer agree-
ment or when fee title is conveyed prior to the expiration
date of the developer agreement.
APPROVED AND ADOPTED by the City Council of the City of Lakeville,
Minnesota this 20th day of February, 1979.
GordonLekson, Mayor
ATTEST!
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Ah -trick E. McGar Cl ey, City Clere'