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41) <br /> III. ASSESSMENT POLICY FOR NEW DEVELOPMENTS <br /> The assessment policy for anyone who wishes to make public improvements <br /> ,j. <br /> within the City of Arden Hills as part of a proposed development shall <br /> conform to the policies established herein and as modified below. <br /> Prior to any action on the part of the City to determine the <br /> feasibility of providing public improvements, the developer shall . <br /> deposit such amount as determined by the City Administrator to <br /> r�- adequately reimburse the City for all engineering, legal and planning, <br /> and other consultant fees for work performed in regard to such <br /> improvements. <br /> In addition, the developer shall be required prior to the City ordering <br /> 41111 the installation of any City financed improvements, to enter into a <br /> Development Contract insuring compliance with the policies set out <br /> herein and all subdivision requirements of the City. The developer <br /> shall also be required to post all cash deposits, and/or letters of <br /> credit prior to such action by the City Council . In all projects which <br /> the City constructs and finances the project, the following security <br /> provisions shall apply: <br /> 1. For single family, two family or townhouse residential <br /> developments, the developer shall deposit with the City a cash <br /> • escrow or an irrevocable letter of credit of not less than 125% of <br /> the estimated project cost as determined by the City Engineer. If <br /> Lthe estimated project cost as determined after receipt of bids for <br /> f <br /> L. <br /> 13 <br /> L <br />