11/25/1985 Council Minutes - Laserfiche WebLink

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0192 COUNCIL MEETING November 25, 1985 Page Two Mayor Benson explained the reason it was zoned GB. However, Mr. Schmitz said it would be 15 to 20 years before commercial develop- ers would consider this property and during the intervening years he would be paying assessments. Mr. Marier explained that the Planning and Zoning Board will be re- viewing the Comprehensive Plan and Mayor Benson suggested that Mr. Schmitz appear before that Board on December 11, 1985 and discuss his plans with them. Mr. Toddie was asked how soon he needed to know if assessments could be obtained from Mr. Reiling. Mr. Toddie said, soon, however he also said the lines could be placed along side of the property for now. Mr. Marier said Mr. Reiling should go through Planning and Zoning and Mayor Benson said without a full Coun- cil present, he could not give Mr. Schmitz any indication on how the Council would act on this proposal. CONSIDERATION OF WEST OAKS LETTER OF CREDIT - HOMER BRUGGEMAN Mr. Bruggeman appeared before the Council and gave the Council back- ground information regarding when his property was platted and how it is now being developed in phases. In September, 1984 he graded the street in the second phase of his plat and several lots have been sold. He referred to a newspaper article in one of the local newspapers where he had supposedly made numerous promises to the purchasers in the second phase regarding when the new road would be blacktopped. Mr. Bruggeman wanted it clear that he does intend to blacktop the road in 1986 after the natural-gas lines are in place. He further explained to the Council that he has done everything re- quired of him regarding his plat and has a legitimate letter of credit that will insure that the blacktop will be in place and felt the Council acted arbitrarily in deciding to take action regarding his letter of credit. Mr. Marier said he felt the Council did not act arbitrarily, but in- structed the staff and engineer to review this plat. Also according to the contracts with the purchasers of the lots some committments have been made that they will have roads. Mr. Bruggeman said he did not commit to placing the roads this summer. Mr. Marier asked about the tennis courts and Mr. Bruggeman said this is not a City matter. He said the agreement is that after the first twenty houses are built, the tennis courts will be built. Mayor Benson asked when Mr. Bruggeman's letter of credit expires. Mr. Bruggeman said December 7, 1985. Mayor Benson asked would not the City expect that the road be built by that time? Mr. Bruggeman said the letter of credit is renewable and he did not have any intention of putting the road in this year. Mayor Benson explained that when the City takes a letter of credit it is the City's assumption that the project will be done prior to the expiration of the letter of credit. Mr. Bruggeman read a section in the letter of credit which states that if the improvement is not completed on the date the letter of credit expires, the bank will issue a new letter of credit.