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.