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'pit <br />The property owner pursuing the proposed development must <br />demonstrate compliance with the aforementioned guidelines to secure <br />MUSA allocation. The assignment of MUSA would occur with the <br />approval of the final plat and would represent the net buildable <br />area of the plat. <br />The benefits of the urban expansion area and MUSA land bank system <br />include: <br />1. The MUSA from the land reserve would be assigned on the net <br />buildable acres of the subdivision or development. This would <br />be quantified by the City during the review process. This <br />will provide an accurate accounting of consumed MUSA and <br />utility capacity. <br />2. The assignment of MUSA with the final plat assures timely use <br />of the MUSA designation. Final plat approval requires <br />financial guarantees and a development agreement to insure <br />development performance. <br />3. The land bank system provides a degree of flexibility with <br />regard to community planning. Without the geographic <br />designating of the MUSA, the City avoids creating a vested <br />property right via Anoka County tax assessment policy. This <br />allows the City to address areas experiencing development <br />pressures. <br />4. The land bank system will allow for the logical expansion of <br />urban growth that will bring urban utilities in closer <br />proximity to unsewered subdivisions. This sewer availability <br />is necessary to allow the City to respond in the event of <br />septic system failure. <br />5. Due to the Charter limitation, public utility extension will <br />be development driven and financed in the future. The land <br />bank system allows the City some flexibility to accommodate <br />development that helps facilitate the City's long range <br />utility infrastructure planning. <br />23 <br />