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HomeMy WebLinkAbout1985-08-26 85-307 RESOLVEAmended Copy 85-307 Introcuced by Councilor Willey, August 26, 1985 CITY OF BANGOR MTO P501be,--.. Batablxsn.::-p �aaeae et_e9,a.� � �� ��a= Bm as caw CmaaeitaftAm Cxty*f imnW. R LVS'D, whianys, the City staff and City Council are Currently reviewing the City's policies regarding municipal participation in Me cast of Streets aha assets for subdivision development in the City of Bangor; and WIBRFAs, thele is (1) pending subdivision projects in varying stages of development, to wit: eine meadows subdivision; and - - WEBSESS, the City council has determined it to be in Me general public interest aM,in the interest of the inhabitants of the City of Bangor for Me City to construct said streets and sewers and to participate, in part in Me construction costs thereof; and WHEREAS, Me City Council wishes to establish a suitors; assessment policy for thesvent of the developers share of said construction testa for each of saidsublivieions. NOW,THAT the City p BY THE to f COUNCIL OF n t CITY co OF of construction onGCR BE IT RE.SOLV® THAT the and a participate financially in the c of c ect to Me of streets and sewers in Me pine Meadows Subdivision, subject to the following, (1) That the City shall Construct, either by its employees or its - agents, all streets and severe in said subdivision. (2) No rely cOaSt=ctim shall ba, commenced until Me d€veloper has entered into an agreement with the City, in a form approved by the City solicitor, specifying the terms and conditions under which the City will financially participate in said projects (3) That the City shall participate in the street construction costs at vexinmm rate of 50% of the total said. casts, Me remaining cast of which will be assessed to Me develapeu, as provided by law, (4) That the City shall participate financially in Me construction oats of sewers and drains in said projects at a maximum rate of 509 of said costs. +(5) Mat said sewer construction costs shall be assessed to the developer in accordance with M M.R.S.A. 1 4352, 4451 at see, and as otherwise provided by law. (6) Mat the payment of said street and samer as construction meets shall be deferred for a maxima of (3) years from the date(s)aofassessment, rat, that date. to he established as the City Council -a acceptance of the final cost report of the City engineer, provided, Prior to assessment the develoler enters into a written agreement with the City specifying the terms and Conditions of said deferral payment; b. Metasach lot is sold, all street and serer assessmeats for amid lot shall be paid- C. Met w the first annual anniversary dateofsaid assessments, the developer shall have paid all such assessaente on at leastsix lots. ce thesn and a s annual anniversary data of said a as ams the developer shall have paid alls such assessments on at least 6additiwth additional lots. e payments received she City for sas mens on lots Sall as Provided in paragraph b above shall be credited tothe developer's liability for payments due on the first and second actual anrsary dates. On the third annual anniversary date of said a mente.,_theedevelopas shall payall remaining wpaid assessments, including interest, to the City. d. Mat interest at an annual race of lot shall accrue aha become a -part of said assessments fees the data of assessment to the dates of payment, said interest to be billed annually W coincide with the above a sary dates. a. Mat in the event the developer fails or refuses to Comply with the paymant requirements of this Resolve the city shall have the full right to recover interest at an annual rate of 12% from the date that the payment of the meat is due, plus its casts, as provided under 23 M.R.S.A. $ 3605 and 308M.R.S.A. 9 4453, and to otherwise pursue its remedies as provided by law to collect said assessments. cents. (7) Developer topaylighting casts. 85-307 IW CITY COUNCIL I establishing Assessment policy - Streets August 26, 1985 and Sewers Pine Meadows Suspension of the Rules Passed Passed by the follwing yes and , no verge. Councilors voting yea: Press, Cox, Davis, Frankel, and Willey. Cwncilors voting Do: Tilley and Wheeler. Councilor abstaining: McCarthy. CISRy