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<br />. <br /> <br />City of Arden Hills <br />2005 Assessment Policy <br /> <br />PART 11 - POLICY FOR NEW DEVELOPMENTS <br /> <br />The assessment policy for anyone who wishes 10 make public improvements within <br />the Ci1y of Arden Hills, as part of a proposed development shall conform to the <br />policies established herein and as modified below. It is 1he responsibility of 1he <br />developer to assume 101al cosls (100%) for all new road and street construction <br />including, lighls, sanitary sewer, water, and storm water. <br /> <br />Prior to any action on the part of the City to determine the feasibility of providing <br />public improvements, the developer shall deposit such amounl as determined by 1he <br />City Administrator to adequately reimburse the Cily for all engineering, legal and <br />planning, and other consultanl fees for work perfonned in regard to such <br />improvements. <br /> <br />. <br /> <br />In addilion, the developer shall be required prior to Ihe City ordering the installalion <br />of any City financed improvements, to enter into a Developmenl Contrac1 insuring <br />compliance with 1he policies set out herein and all subdivision requirements of the <br />City. The developer shall also be required to post all cash deposits, and/or letters of <br />credit prior 10 such action by the City Council. In all projecls thal1he City constructs <br />and finances, the following security provisions shall apply. <br /> <br />A. For single family, two family or townhouse residenlial developments, the <br />developer shall deposi1 wilh Ihe City a cash escrow or an irrevocable letter of <br />credit of not less than one hundred twenty-five percent (125%) of the eslimated <br />project cost as detemlined by the City Engineer. If the estimated project eos1, as <br />delermined after receipl of bids for construction, exceeds the Engineer's <br />estimale by ten percent (10%) or more, the deposil shall be increased <br />proportionately. The tolal project costs shall be assessed in equal annual <br />inslallments according to Ihe assessment period. <br /> <br />C. In the case where Ihe improvements benefil nol only 1he property being <br />developed, but other areas within Ihe Cily, the developer shall provide 10 the <br />Cily a security deposil in accordance with paragraphs described above for the <br />portion of Ihe estimated project costs that represent the benefit to the proposed <br />developmenl. Such portion shall be assessed against the properties benefiled. <br /> <br />I. For all other types of development, the developer shall deposit wi1h 1he <br />City a cash escrow or irrevocable letler of credit of not less than one <br />hundred twen1y-five percent (125%) of Ihe eslimaled projecl cost as <br />determined by the City Engineer. If the estimated project cost as <br />determined after receipt of bids for construction exceeds the Engineer's <br /> <br />. <br /> <br />2005 Assessment Policy Manual ~ Page 13 <br />