HomeMy WebLinkAboutgr00090_000042_pg320November 8, 1076 Page 10
ENGINEER HUBBARD had no report.
ADMINISTRATOR ACHEN'S REPORT Administrator Achen stated that
the Council has received an opinion from the City Attorney
regarding the authority of the Planning Commission and City
Council in granting variances. This matter came up during the
last subdivision application.
Administrator Achen suggested that the meeting set for November 18
also be used to review the Metro Council's Modest Cost Private
Housing Proposal report. He asked that each Councilmember make
written comments on this so they can be consolidated and reviewed
jointly on the 18th with the Planning Commission. This is an
important issue to the City and may have some baring on our
zoning and subdivision code. If the Council comes up with some
kind of formal comments these can be submitted to the Metro
Council for their consideration.
Administrator Achen stated there have been a few instances where
the City receives negotiable instruments from development firms
as security for the development agreement. The most appropriate
way to handle this is to deposit them in an escrow account.
Administrator Achen recommended the Council set up a savings
account at the bank and deposit these securities so they can
draw interest. Once the agreement is made the City can return
the security along with the interest to the developer. These
negotiable instruments are things such as certified checks or
money orders. Admin. Achen stated that the vast majority of the
developers follow the agreement and it is only fair to treat it
this way. The City does have an existing savings account, but for
bookkeeping purposes Admin. Achen recommended a separate one be
set up.
Attorney Meyers stated that the Council has adopted ordinances
for many of the funds but this may be done by resolution. He
feels this is more of a bookkeeping entry.
Administrator Achen stated that if the developer does default
and the City claims part of the money, it would go into the
general fund. This doesn't need to be a separate fund, but
simply an escrow account within the general fund. Administrator
Achen suggested that since the Council has no objections, the
Attorney draw up a resolution for the next council meeting.
COUNCILMEMBER ROWLEY had nothing to report.
COUNCILMEMBER SHELQUIST had nothing to report..
COUNCILMEIBER HODGES had nothing to report.
COUNCILMEMBER BAUMGARTNER had nothing to report.