Agenda Packets - 1995/06/26 - Laserfiche WebLink

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Page 3 2. Property Owner Petition. The City Council may decide, by simple majority, on an improvement after receiving a petition for said improvement from the owners of not less than twenty five (25%) of the properties abutting on the streets named in the petition benefitting from the improvement. In addition, all owners of real property abutting upon any street named as the location of any improvement may petition the City Council to construct the improvement and to assess the entire cost against their property. However, as required by the City code, a public hearing shall be conducted on such improvements prior to adoption of a resolution ordering the improvement. The City Council may decide not to proceed with an assessment unless it receives an agreement, signed by all affected property owners, agreeing to the amount of proposed assessments and waiving their rights to appeal such assessments. Developer Request. A developer who is the owner of all the property within the proposed subdivision may petition the City Council to construct the improvement and to assess the entire cost against the developer's property pursuant to Minnesota Statutes. However, a developer's agreement, including a valid and enforceable waiver of its right to appeal the levy of special assessments, shall be negotiated and executed prior to said authorization. It may also be advisable.to conduct public hearings on the improvement to avoid misunderstanding by the petitioners and to also inform the general public about the nature of the project. E. PROJECT COSTS Project costs shall include, but not be limited to, the following: 1. Construction costs (day labor or contractual). 2. Engineering and consulting fees. 3. Administrative fees. 4. Right -of -Way acquisition/condemnation costs. 5. Legal fees. 6. Capitalized interest. 7. Financing costs.