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HomeMy WebLinkAboutCity Council Resolution 1975-316• � i CITY OF PLYMOUTH Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Plymouth, Minnesota, was held on Me 16th day of June 19 75 . The following members were present: -1 Neils Spihold and spapth T e o owing me ers were a sent: None t� ter* introduced the following Resolution and moved s adoption: RESOLUTION NO. 75-316 ADOPTION POLICY REGARDING UNDERTAKING OF PETITIONED CAPITAL IMPROVEMENTS WHEREAS, the City of Plymouth has adopted a 5 -Year Capital Improvement Program (CIP) which sets forth the City's planned capital projects including financing plans, and WHEREAS, the CIP is designed to insure both the City's orderly physical development, as well as its ability and capacity to responsibly finance such development, and WHEREAS, due to other development in the City, the Council receives petitions for public improvements which a. --e not included within the CIP, and WHEREAS, petitioned projects must be carefully evaluated in terms of both their compatibility with the adopted CIP: as well as the City's capacity to finance the petitioned improvements in an orderly fashion, and WHEREAS, the Council has determined that a policy is required In order to establish reasonable procedures for the review of both petitioned public improvement projects, in order that they may be properly coordinated within the framework of the 5 -year CIP, and the City's ability to properly arrange financing; :or such projects. NOW THEREFORE BF IT HEREBY RESOLVED by the City Council of the City of Plymouth that in order to provide the City with the appropriate time to fully evaluate and undertake petitioned public improve- ment projects, the following criteria are hereby established: Petitions for public improvement projects to be undertaken and financed by the City must be submitted to the City Council not later than February 1 of the year in which the project is requested for construction. 2. Petitions submitted after February 1 shall not be scheduled for construction until the following construction season. y Res_olution No. 7506 .lune 16, 1975 page 2 3. In reviewing petitions for public improvements, the Council will have prepared the necessary engineering feasibility report in order to determine: a. That all improvements lacking in the particular area, including water, sanitary sewer, storm drainage, permanent streets and curb and gutter, are included. b. That the project area includes the logical area to be served based upon the City's utility plans, as well as the development occurring in the proposed project area. 4. The staff shall report upon the City's ability to finance all petitioned improvement projects, which report shall include: a. The City's ability to finance the project through the sale of bonds, considering other financial commitments. b. The probable assessment amounts, including assess- ment length, on the property benefiting from the improvements. C. Present status of taxes and assessments on the property, including any delinquent taxes and assessments. d. The ability of the petit_Dner to provide the necessary bonds and/or cash deposits required by City development regulations. The motion for the adoption of th foregoing Resolution was duly seconded by Councilman Neils _, and upon vote being taken thereon, the following voted in favor thereof: Mayor I111de, Councilmen Hunt, Neils Seibold and Spaeth The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.