01/15/1975 P&Z Minutes - Laserfiche WebLink

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January 15, 1975 -2- Mr. Marier explained that the bond Is to insure that the road will be built according to City standards and the amount of the bond is to be 11 times the amount of the cost to complete the road. Mr. O'Neill said that they are seeking the bond but that it is difficult to Obtain a bond today and they are seeking an alternative at this time and would like to know that if securities in an equal amount can be posted. Mr. Marier said that in the past the Council had allowed a Certificate of Deposit to be posted instead of a bond. The arraggement with the bank would have to stipulate that the CD could not be released until the City gave its approval. Mr. O'Neill said that Mr. Nelson would notify the P & Z and theCouncil as to his decision on the matter and take the necessary steps thereafter to secure the bond or CD, whatever the Council would approve. Mr. O'Neill aslo wanted to know if the bond could be delayed until the first building permit is issued. There was -discussion -on th i s proposal and Mr. Ke l 1 i n g moved to recommend to the Council that the Bond does not have to be posted until the first building permit is applied for. Mr. L'Allier seconed themotion. Motion carried. Mr. Marier then confirmed to each of the P & Z Members that they had been unanimously approved by the Council to continue on the P & Z for the ccming years. Mr. Hili 2 years, Mr. Karth 2 years, Mr. Kelling - 2 years, Mr. L'Allier - 3 years, Mr. Nadeau - 3 years, Mr-. Shearen - 3 years and Mr. Lombardi - 3 years. Mr. Marier also thanked each member of behalf of the Council for the excellent Job there are doing. Nominations for the position of Chairman for 1975 were then opened by Mr. Marier. Mr. Kelling moved to reappoint Mr. Karth. Mr. L'Allier seconded the motion. Mr. Karth nominated Mr. L'Allier but Mr. L'Aliier declined stating that he simply does not have the time necessary to devot e to the Job of Chairman. Mr. Kelling then moved to close nominations for the position of Chairman. Seconded by Mr. L'Ailier. Mr. Karth was unanimously reappointed. Mr. Karth then opened nominations for Vice -Chairman and Mr. Shearen nominated Mr. Kelling. Mr. Kelling nominated Mr. Shearon. The nominations were seconded by Mr. Karth and Mr. L'Allier, respectively. A vote was taken and it was a tie with 2 votes each for Mr. Kelling and Mr. Shearen. Mr. Kelling asked tha-t his nomination be reconsidered. He stated that he does not have the time necessary to agz:ii se-ve in *1,1