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