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CITY COUNCIL MEETING, MAY 17, 1983 DoR A 83 -5- approval 8, PUBLIC HEARING KEN SOVEREIGN n Continued Whittaker explained the request and said the PZC would like the Council."s feeling on the variance requests before making a recommendation. He noted the Commission recommendation of May 9, 1983. --Ken Sovereign - after considering the Planning Commission suggestion, from:an engineering point, this was not a good idea since it would lock in the rest of the property for future development by reducing the area needed for a cul-de-sac. Also, does not feel it is a good idea to place another access onto Olson Lake Road, He explained lot configuration relationships for an 1 1/2 acre and 1.15 acre lots. By requiring an 1 1/2 acre lot the City is asking for the largest lot on Demontreville and Olson Lakes, Determined that PZC suggestion would not make sense, --Eder - asked for a plan for proposed future development. --Ken Sovereign - just want to plat one lot not the entire parcel. --Whittaker - recommended that Sovereign"s develop a preliminary plat and request a variance for the lot size of this lot. --Ken Sovereign - not going to spend any money unldss Council will give assurance of varying the 1.15 lot size. Engineer Bohrer - this request almost identical to Crombie and Neudahl requests. Recommended that Mr. Sovereign also address ponding requirements for single lot platting. --Morgan - would consider a variance After reviewing a preliminary sketch plan and a request for variance. ---Ken Sovereign - disagreed this would require ponding. Will Orppar6 a layout - makes no sense to require 125 ft for this lake lot. 9, BRAD FARNHAM, J'URAN & MOODY - SEALCOAT PROGRAM FINANCING; Administrator Whittaker requested that Mr. Farnham attend the meeting and explain financing approaches and options for the Sealcoat Program. Mr, Farnham distributed three alternative schedules - 1983 Sealcoat Programl 1984 Sealcoat Program; and a combined 1983- 1984 Program. After reviewing the alternatives, he outlined the Tax Impact Analysis for each, per his schedules of 5/17/83. He noted that the City would have to order both the 1983 and 1984 Project in order to get the combined bonding advantages, provided, of course, the City intends to go ahead with the 1984 project, M/S/P Fraser/Mazzara adopting R-83-36, A resolution ordering the 1984 Sealcoat Program as outlined at the public hearing of May 11, 1983, and the Sealcoat Feasibility Study. Said project being ordered to allow the City greater bonding flexability options. Carried 5-0. M/S/P Mazzara/Dunn setting dune 7, 1983, 7:15 p,m. as the selling date for the 1983-84 Sealcoat Project Bonds. BREAK