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HomeMy WebLinkAboutA008 - Resolution No. 14-566 adopted October 28, 2014 a 4 RESOLUTION NO. 14-566 RESOLUTION WAIVING REQUIREMENT FOR FINANCIAL SECURITY FOR SIDEWALKS AND APPROVING AGREEMENT FOR SIDEWALK AND STREET TREES FOR NORTHRIDGE HEIGHTS SUBDIVISION, 17TH ADDITION FOR THE CITY OF AMES, IOWA WHEREAS, on June 28, 2011, the City Council approved the most recent revised Preliminary Plat for Northridge Heights Subdivision, and the property owner, Uthe Development Company, is now requesting approval of a Final Plat for the Northridge Heights Subdivision 17' Addition; and, WHEREAS,this proposed subdivision includes 25 residential lots for single-family detached homes and one outlot for the future construction of residential lots,an extension of Stange Road,and Weston Drive, as well as the construction of Aberdeen Drive on approximately 19.72 acres; and, WHEREAS,public improvements are required for subdivision,and financial security,in the form of a Letter of Credit in the amount of$240,750,has been received and placed on file with the City Clerk's Office for the remaining public improvements for the 171'Addition; and, WHEREAS,these remaining public improvements include curb and gutter,asphalt surfacing, street lighting, pedestrian ramps, seeding and erosion control; and, WHEREAS, there is no financial security on file with the City Clerk's office for sidewalks or street trees, however, as an alternative to installing sidewalks before lots are platted and homes are constructed, Section 23.403 (14) allows deferment of sidewalks with financial security when installation is considered premature; and, WHEREAS,however,the City'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 the individual lot are installed; and, WHEREAS,consistent with this practice,the City Council may wish to waive this condition and approve the Final Plat with the accompanying Agreement for Sidewalk and street trees,allowing sidewalks and street trees to be deferred until occupancy of structures on abutting sites; and, WHEREAS, except for the need for a waiver of the requirement for financial security for sidewalks, the proposed subdivision complies with all relevant and applicable design and improvement standards of the Subdivision Regulations,to the City's Land Use Policy Plan,to other adopted City plans, ordinances and standards, and to the City's Zoning Ordinance. 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 in the Northridge Heights Subdivision, 17`'Addition,is hereby approved,subj ect 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`h day of October, 2014. cA� 4. , 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 281h day of October, 2014.