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July 10, 1978 MOUNDS VIEW INDUSTRIAL PARK NO. 2 FINAL PLAT AND DEVELOPMENT AGREEMENT Official Rose reported that the original preliminary plat submitted by the developer has been revised in the final plat submission, extending the cul -de -sac 110' and widening Mustang Road frontage on lot 1 from 200' to 451'. The revision was made due to the soil tests made of lots 1 and 2, which produced poor soil conditions along the south and west portions of lots 1 and 2 combined. Official Rose stated that he had discussed the changes with Attorney Meyers and that it was resolved that an additional public hearing would not be required. Official Rose recommended that the development agreement include having the developer install two street lights, one at the cul -de -sac end and one at the intersection of Mustang Road and Mustang Lane, submit a 20' road easement for access to Water Tower 2 along the east 20' of lot 3, be required to pay assessments within a five year period during which time he be required to post a bond or escrow for the cost of the improvements not received, or agree to the apportionment of the total improvement cost to lots 1 and 3 if lot 2 is found to be unbuildable. Attorney Meyers stated that in some cases the developer is required to install his own improvements, which requires that a bond be posted to guarantee it, but that if the improvements are going to be done by the City and assessed back to the property, it would not be necessary for the developer to post that amount. Mr. Beim stated that he had not had an opportunity to look ov.r the development agreement and that he would like to go over it with his attorney and other partners and asked if his attorney could have changes made to the development agreement if he felt it was necessary, subject to Staff's approval. Attorney Meyers replied that changes could be made if they were not material ones. MSP (Pickar- Hodges) to adopt Resolution No. 906 approving the final plat of Mounds View Industrial Park No. 2 and Resolution No. 907 authorizing execution of Development Agreement 78 -17 as recommended by Staff, with the changes as described, and that the developer install two street lights and post a $1500 bond, and that the developer agrees to a 20' road easement for access to Water Tower #2, along the east 20' of lot 3 and that no assessment bond be required from the developer as the assessments will be levied against the property. MSP (Rowley Ziebarth) to amend the previous motion to include that the developer must agree to the apportionment of the total improvement cost to lots 1 and 3 if lot 2 is found to be unbuildable. MINOR SUBDIVISION OF 8100 GROVELAND ROAD Mr. Sjodin explained that he was requesting a minor subdivision at 8100 Groveland Road. The property is 400' by 155', and he is requesting to subdivide into two 772' by 200' lots. Official Rose explained that the Council had recently changed the minimum frontage requirements to 75', and since Mr. Sjodin was requesting 771/2' lots, they would now be approvable. He added that Staff would recommend the Council place a building moratorium on the south lot until the Knollwood extension is resolved. Councilmember Ziebarth asked where the drainage goes. Mr. Sjodin replied that it goes toward Groveland and also back on the property, since the lot is very deep. Mr. Sjodi►i also questioned if a moratorium was necessary. Attorney Meyers replied it would have to be agreed upon by all parties, and that the Council would have to have a good reason for declaring a moratorium, and that there is no hearing set for the extension of Knollwood. Page 8 5 ayes 5 ayes