HomeMy WebLinkAbout09-021 Plat Application Escrowr fo~ PRI~~
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~, ~~ ~ ~ 4646 Dakota Street S.E.
U ~~ ; x ~ Prior Lake, MN 55372-1714
~~~~~ ~' RESOLUTION 09-021
~I~'NESO`TQ'~^
AMENDING PLAT APPLICATION REQUIREMENTS TO REQUIRE THE SUBMITTAL OF AN
ESCROW
Motion By: LeMair
Second By: Hedbe
WHEREAS, The City has not previously required an escrow as a platting application
requirement, but instead has collected an administrative fee at the time the
development is submitted to the City Council for final plat approval; and
WHEREAS, Some preliminary plats are not submitted for final plat approval or the City Council
has granted an exception to the deadline for submission for a final plat;
WHEREAS, There have been situations where the City has not been able to recoup costs
already expended for City staff, City Attorney, and consultant time; and
WHEREAS, The 2030 Vision and Strategic Plan recognize the importance of development
paying for itself without being subsidized by the City; and
WHEREAS, It is a common practice among cities and counties to collect an escrow for this
purpose; and
WHEREAS, The need exists to safeguard the City budget by requiring an escrow from
developers at the time of both final and preliminary plat application submittal.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The City is hereby authorized to require the following escrow amounts at the time of preliminary
and final plat submittal:
• 3 lots orfewer-$1,000
• 4 to 10lots-$2,500
• 11 or more lots-$5,000
3. City staff is hereby authorized to require additional escrow funds from the developer in cases
where the funds have been drawn down to an insufficient level, as determined by the Finance
Director.
PASSED AND ADOPTED THIS 2"d DAY OF FEBRUARY 2009.
YES
NO
Hau en X Hau en
Erickson X Erickson
Hedber X Hedber
LeMair X LeMair
Millar X Millar
Frank B yl ,City Manager
www. cityofpriorlake. com
Phone 952.447.9800 /Fax 952.447.4245