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HomeMy WebLinkAboutCity Council Ordinance 1974-20CITY OF PLYMOUTH ORDINANCE NO. 74-20 AN ORDINANCE AMENDING SECTION 8.05, CHAPTER VII OF THE CITY CODE RELATING TO THE PARTICIPATION OF THE CITY IN THE COST OF INSTALLATION OF PUBLIC IMPROVEMENTS IN DEVELOPING PLATS AND SUBDIVISIONS THE CITY COUNCIL OF THE CITY OF PLYMOUTH DOES HEREBY ORDAIN AS FOLLOWS: Section 1. Amendment of City Code, Chapter VII of the City Code is hereby amended by deleting Section 8.05 thereof and substituting the following therefor: "8.05. PARTICIPATION BY CITY. (a) Residential Develo ments. The owner and subdivider, engaged in the development of lands and properties which are zoned as R-0, R-1, R-2, R-3 or R-4, in the installation of sanitary sewers, water systems and storm sewers required by this section, may request City participation in the payment of the costs of such installations and in such event such owner and subdivider shall tam- ply with the following requirements: (1) Such owner and subdivider shall make a cash deposit with the City Treasurer in an amount equal to twenty-five percent (25%) of the estimated cost of installing such imp-ovements as scuh costs are determined by the City Engineer. Such deposit shall be applied to the costs of such instal- lations. nstal- 1ations. (2) All such services shall be planned and designed by the City Engineer and shall be installed by the City. The charges of the City Engineer in connection with such projects shall be included in the estimated costs referred to in (1) above. (3) Upon completion of such installations, the City shall cause to be assessed against the lots in the subdivision the remaining seventy-five percent (75%) of the costs of such installations. Such assessments shall be over a period of five (5) years together with interest thereon. (4) At the time of the application for a building permit with respect to any of the lots in the subdivision, the appli- cant shall pay to the City Treasurer a sum equivalent to one hundred percent (100%) of the principal balance of such assess- ment remaining unpaid on said lot together with accrued interest. + (b) Commercial Industrial Developments. The owner and sub- divider, engaged in the development of lands and properties which are zoned B-1, B-2, B-3, B-4, I-1 and I-2, in the installations i of sanitary sewers, water systems, storm sewers. streets and curb j and gutters as such may be required by this section, may request i City participation in the payment of the costs of such installations and in such event such owner and subdivider shall comply with the (� following requi rements : (1) Such owner and subdivider shall make a cash deposit with the City Treasurer in an amount equal to twenty-five percent (25%) of the estimated cost of installing such I Ordinance No. 74-20 Page Two improvements as such costs are determined by the City Engineer. Such deposit shall be applied to the costs of such instal- lations. (2) All such services shall be planned and designed by the City Engineer and shall be installed by the City. The charges of the City Engineer in connection with such projects shall be included in the estimated costs referred to in (1) above. (3) Upon completion of such installations, the City shall cause to be assessed against the tracts or lots within the development the remaining seventy-five percent (75%) of the costs of such installations. Such assessments shall be levied and spread together with interest thereon, over a period of ten (10) years with respect to the costs of installa- tion of sanitary sewer, storm sewer and water systems and over a period of five (5) years with respect to the costs of installation of streets and curb and gutter. (4) At the time of the application for a building permit with respect to any of the tracts or lots within the development, the applicant shall pay to the City Treasurer a sum equivalent to one hundred percent (100%) of the princi- pal balance of such assessment remaining unpaid on such tracts or lots together with accrued interest. (5) As an alternative,and in lieu of proceeding in accordance with (1), (2), (3), and (4) above, the owner and subdivider may elect to have the City provide one hundred percent (100%) of the cost of such installations which costs shall be assessed against the tracts or lots within the develop- ment over a period of ten (10) Wears with respect to the costs of installation of sanitary sewer, storm sewer and water systems and over a period of five (5) years with respect to the costs of installation of streets and curb and gutter all together with interest thereon. In such event, the owner and sub- divider shall deposit with the City a bond, with surety acceptable to the City, or irrevocable letter of credit issued by a banking institution guaranteeing to the_City as Obligee of said bond or letter of credit that the owner or subdivider will pay principal and interest on said assessments for two (2) years in the case of assessments levied for five (5) years and four (4) years in the case of assessments levied for ten (10) years. Said bond or letter of credit shall be effective as against the owner and subdivider whether or not all or a portion of the land within the subdivision or development is sold or conveyed during the period covered by the bond or letter of credit. (c) The owner and subdivider, in the installation of sanitary sewers, water systems, storm sewers, streets and curbs and gutters required by this section, may elect to provide such services to the subdivision at his own expense and without City participation in the expense thereof. In such event the owner and subdivider may retain his own engineer and contractor to plan, design and in- stall such services. Such planning, designing and installation shall be subject,to review and inspection by the City Engineer. In such event, the estimated cost of such improvements including the charges of the City Engineer for supervision and inspection, shall be included in the subdivider's contract with the City and the appropriate security in the form of cash or bond shall be deposited with the City." Section 2. Effective Date. This ordinance shall take effect from and after its passage and publication.