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168 COUNCIL MEETING October 28, 1985 Page Five CONSIDERATION OF WEST OAKS LETTER OF CREDIT EXTENSION - RANDY SCHUMACHER The Planning and Zoning Board has recommended that the West Oaks letter of credit for the installation of bituminous streets be revoked. Mr. Schumacher explained that there has been a problem getting natural gas to this area and has taken most of the summer to resolve this issue. It is his understanding that North Central Public Utilities will be the supplier, however they do not have a main trunk line in the area. Therefore, they are proposing to in- stall the interior lines which will be supplied by a bulk tank in the immediate area until the main trunk line can be installed. For this reason Mr. Schumacher said he felt it was justified to extend the letter of credit for West Oaks through June 1986. He felt it was not sensible to install a street and then later put in gas lines across the street. Mr. Tom Dougherty said that the gas issue was resolved in June 1985 and felt that Mr. Bruggeman should be made to live up to one of his committments which was to install the road. Mr. Mel Smith said according to the June letter the gas installation will not occur for another two to three years. Mr. Schumacher ex- plained the intent is to install the internal lines now and service the area from a bulk tank and then run the main trunk line in after two to three years. There was discussion about how the installation of gas lines inter- fereswiththe installation of the street. Mr. Toddie explained that although the gas line is installed approximately eight feet off the property line the services still have to cross the street. Mr. Fred Chase stated that Mr. Bruggeman has not completed the bou- levards and the drainage is causing some trees to die. He also stated he attended a West Oaks meeting earlier this summer and Mr. Bruggeman was quite adamant that the street would not be completed this year due to there being a number of lots still undeveloped. Mr. Smith felt installation of gas lines was not a major project. He explained some problems with the home owners association and other promises made by Mr. Bruggeman. He felt Mr. Bruggeman should be forced to complete the street. Mr. Kluegel told the Council the letter of credit is due to expire in December 1985. He was told by Mr. Bruggeman that the streets would be completed this past summer. Mr. Dougherty felt Mr. Bruggeman was close to default. He felt someone should be looking at this to protect the home owners. Mr. Schumacher explained the letter of credit is for one and one half times the cost of the street and it has already been renewed until