08/13/1981 Council Minutes - Laserfiche WebLink

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50 August 13, 1981 Mayor Gourley asked if there had been a contract prepared and Mr. Schumacher said he only had a letter of intent. Mr. Locher suggested that a contract be written and he suggested that this be forthcoming from the firm. Mr. Schumacher will contact the firm with this information and also request that a payment schedule be submitted. A recess was called at this point in the meeting - the meeting reconvened at 9:45 P.M. REAPPORTION ASSESSMENTS ON BLACK DUCK DRIVE - LAKES ADD. # 7. Mayor Gourley reported that he had talked to the developer and he has agreed to the administrative costs. Mr. Schumacher reported that this request is to spread the existing assessments on Outlot H over the pro- posed 44 lots equally. There must be another hearing for an amended assessment. Mr. Schumacher had recommended that an administrative cost of $300.00 be assessed to the developer. The Council is agreeable to this request with an additional $300.00 administrative cost to be paid by the developer. The Clerk is to prepare the assessment roll for the next Council meeting and a hearing date will be set at that time. Mr. Blackbird said the administrative costs will be a cash payment to the City and not a part of the assessment. PETITION - IMPROVEMENTS LAKES ADD. #7. Mr. McLean moved that the City Engineer, Milner Carley, be instructed to prepare a feasibility report for this improvement. Seconded by Mr. Kulaszewicz. Mayor Gourley suggested that some agreement with the developer for a financial guarantee in order to avoid the problems that surfaced when the improvements were put in on Black Duck. There was the suggestion of a surety bond in the amount of 12 time the estimated costs be provided to the City. Mr. Blackbird said he had done some preliminary work on the costs and said ti whould be areound $450,000. The would mean there should be a surety bond in the amount of $600,000. 1 Mr. Balckbird asked if the City would consider a cash amount being deposit- ed in the bank for City use? He said surety bonds are almost impossible to obtain. Mr. Schumacher felt the amount of money to be deposited should be based on how the assessments are spread. Mr. Jaworski suggested that each lot that is developer - 12 times the assessment be paid in full, thus insuring there is an escrow amount on deposit at all times. Mr. Balckbird said they would agree to one or the other. Mayor Gourley asked that this be worked out with Mr. Schumacher. Mr. McLean asked what type of security should the City require to' be on deposit before the feasibility study is ordered and Mr. Locher said, the best would be cash. Mr. Locher read the Ordinance that pertains to this requirement. Basically, what the Council is asking from the Engineer is a preliminary cost estimate in order for this security amount to be set, then the