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<br />" <br /> <br />2) The City role in this project needs to be fully explained. We need to list the <br />three altematives infrastmcture constnlction projects that we can contribute <br />to the site. To clarifY our position, I do not believe that we should offer to <br />either pay for the design of the plat, the individual lot grading, or other nOllM <br />public design, landscaping, or construction. We should, however, offer our <br />low cost, low interest financing for the public infrastructure construction <br />costs, We can specially assess these improvements against each lot and hope <br />that these assessment costs will be paid off in the first residential mortgage <br />transaction on each lot. Three altemative scenarios are possible for city <br />participation in this manner: <br /> <br />a) The Developer could petition the City to design, construct, and finance <br />all public improvements, including street paving, curbs and gutters, <br />sidewa1ks, boulevards, street tree plantings. and street lights. in <br />addition to sewer, water, stonn sewer, and ponding improvements. All <br />of these impmvements would be within City light-of-way or City <br />easements. The costs of this project would be assessed to the <br />individual lots when construction is complete. The developer, since he <br />controHed all the propel1y and was accepting all assessments (in <br />writing) could waive the Chapter 429 hearings, The City may request <br />an administration fee for this work, which in turn could be set aside <br />in a city-wide housing and neighborhood rehabilitation fund, <br /> <br />b) The Developer could petition the City to simply finance the design <br />and construction of all public improvements, including street paving, <br />curbs and gutters, sidewalks, boulevards, street tree plantings, and <br />street I1ghts, in addition to sewer, water, stonn sewer, and ponding <br />improvements. An of these improvements would be built by the <br />develol>eIJS contractor, to City specifications, within City rightMof-way <br />or City easements. The City would have review authol;ty over the <br />plans and specifications as well as on-site constl1.Jction review <br />authOl;ty. The costs of this project would be biUed to the city, In tum <br />the City would be assessed to the individual lots when construction is <br />complete. The developer, since he controlled all the property and was <br />accepting a11 assessments (in writing) could waive the Chapter 429 <br />hearings. A slight variation of this ahemative ubI! might be to incJude <br />all of the developer's costs for grading the entire site into the financing <br />package, The City may request an administration fee for any of this <br />financing work, which in tum could be set aside in a city-wide <br />housing and neighbor1lOod rehabil1tation fund. <br />