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LAKE ELMO CITY COUNCIL MINUTES OCTOBER 15, 1996 It was George Burkard, United Properties, understanding that the assessment for Northland Land Co. would be spread over 15 years and in all likelihood they hope to get the area developed and pay as they go. Therefore, with the Finance Director's recommendation, the Administrator prepared Resolution 96-33 to extend the assessment 15 years versus 10 years. Mayor John opened up the public hearing at 7:35 p.m. for Parcels 37033-2000, 2055 and 2200. There was no one in attendance to speak for or against the proposed assessments. Mayor John closed the public hearing at 7:40 p.m. Attorney Filla suggested approval of Resolution No. 96-33A for parcels 37033-2025, 2050; subject to the receipt of Acknowledgment and Waiver of Defects from property owners Goss and Kopeski by Noon on October 16th or in the alternative conduct a public hearing on these parcels for which the waiver notices have not been received on October 30, 1996 at 5:30 p.m. M/S/P Johnston/Hunt - to adopt Resolution No. 96-33, as modified, Paragraph #1 "such proposed assessment as it relates to Parcel No. 37033-2000, 2055 and 2200 a copy of which is attached". (Motion passed 4-0). M/S/P Johnston/Hunt - to adopt Resolution No. 96-33A, Paragraph #1 as it relates to the two parcels such proposed assessment as it relates to Parcel 37033-2025 and 2050 subject to a receipt of Acknowledgment and Waiver of Defects no later than Noon on October 16th OR in the alternative if the waiver notices are not received by that time then republish and remail notice to affected property owners (37033-2025 Goss, 37033-2050 Kopeski) to conduct a public hearing on October 30, 1996, 5:30 p.m. (Motion passed 4-0). B. Paving shoulders on Olson Lake Trail (Update) At the October 1 at meeting, the City Engineer was asked to check on the status of the shoulder paving on Olson Lake Trail. Tom Prew reported that the shoulders were paved this week and VBWD approved reinstalling the trees that were removed. C. Escrow Reduction Lake Elmo Heights 3rd Addition Tom Prew reported in his memo dated October 10, 1996 that the developers of Lake Elmo Heights 3rd Addition have requested a reduction in their security deposit. The following work remains to be completed. Landscaping and Erosion Control $10,000.00 Administration and Inspection 2,000.00 +25% By Ordinance 3,000.00 Required Escrow $15,000.00 Bob Helwig had informed the City that completion of the landscaping has not been done on the yards where there was the removal of the cul-de-sac. Tom Prew responded that the $10,000 held in escrow will cover this landscaping. Filla suggested the Council take this action subject to extension of letter of credit to cover any landscaping/trees beyond the Fall. M/S/P Conlin/Johnston - to reduce the required escrow for Lake Elmo Heights 3rd Addition to $15,000.00 and the developer shall pay outstanding City costs incurred to date based on the recommendation of the City Engineer; subject to extension of letter of credit into the Spring to cover any landscaping/trees planted in the Fall. (Motion passed 4-0).