HomeMy WebLinkAbout~Master - Waiver of financial security for sidewalks for Scenic Valley Subdivision, 1st Addition RESOLUTION NO. 14-568
RESOLUTION WAIVING REQUIREMENT FOR FINANCIAL SECURITY FOR
SIDEWALKS AND APPROVING AGREEMENT FOR SIDEWALK AND STREET
TREES FOR SCENIC VALLEY SUBDIVISION, 1ST ADDITION
FOR THE CITY OF AMES,IOWA
WHEREAS,the Hunziker Development Company has submitted a final subdivision plat for
Scenic Valley Subdivision, 1st Addition; and,
WHEREAS, the subdivision is zoned as FS-RL (Suburban Low Density), which allows
exclusively for single-family residential development; and,
WHEREAS,the Scenic Valley development lies west of George Washington Carver Avenue
and east of Squaw Creek; and,
WHEREAS,the developer has provided a letter of credit in the amount of$1,306,882 for the
completion of the improvements, which the City Council is asked to accept; and,
WHEREAS,the applicant has also provided an agreement for the installation of street trees
and sidewalks, but has requested a waiver of providing financial security for these improvements;
and,
WHEREAS, as an alternative to installing sidewalks before lots are platted, Section 23.403
(14)allows deferment of sidewalks with financial security when installation is considered premature;
and,
WHEREAS,notwithstanding this code requirement for financial security,the City Council's
past practice has been to accept a signed, written agreement for sidewalk and street trees from the
owner specifying that,in lieu of financial security,occupancy of new structures will not be permitted
by the City until the sidewalks and street trees associated with each individual lot are installed;and,
WHEREAS,consistent with this practice,the City Council may wish to waive this financial
security condition and allow sidewalk and street trees to be deferred until occupancy of structures
on abutting sites; and,
WHEREAS, only the sidewalks adjacent to the residential lots are being deferred until the
occupancy of individual homes.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that waiver of the Subdivision Code requirement for financial security for sidewalks and street trees
in the Scenic Valley Subdivision, Pt Addition, is hereby approved subject to the Developer signing
the"Agreement for Sidewalk and Street Trees"requiring the installation of these improvements prior
to occupancy or within 24 months of issuance of a building permit.
ADOPTED THIS 28" day of October, 2014.
A.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Corrieri
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson
Voting nay: None Absent: Orazem
Resolution declared adopted and signed by the Mayor this 28"day of October, 2014.