08-13-2020 Council Packet - Laserfiche WebLink

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July 20, 2020 page 28 b. If agreement is not reached between the city assessor and subdivider, the fair market value 1176 shall be determined in accordance with the following: 1177 1. Fair market value as determined by the city council based upon a current appraisal 1178 submitted to the city by the subdivider, at their expense. The appraisal shall be made by 1179 appraisers who are approved members of SREA or MAI, or equivalent real estate 1180 societies. 1181 2. If the city disputes such appraisal amounts, it may obtain an appraisal of the property 1182 by a qualified real estate appraiser which the city council selects and which appraisal 1183 may be accepted by the city as being an accurate appraisal at fair market value. The cost 1184 of the appraisal shall be paid by the subdivider. 1185 c. The determination of fair market value of the undeveloped land by the city assessor, city 1186 council or designated appraisers shall be determined at the time of preliminary subdivision 1187 approval, provided that there is final plat approval within the time limits as set forth in this 1188 chapter. The time of preliminary plat approval is utilized because the nature of the 1189 subdivision, its probable population, lot size and value, and other relevant factors are known. 1190 If an extension of the time limits in this chapter is approved by the city council, the fair 1191 market value shall be determined as of the time of the approval of that extension. In 1192 determining the fair market value as of time of preliminary plat application, or its extension, 1193 the factors to be included in the analysis shall include any and all factors which are generally 1194 accepted and used by approved members of SREA or MAI or equivalent real estate appraisal 1195 societies. 1196 (6) Future subdivision. Any land which is further subdivided, divided or applied for such 1197 subdivision, division subsequent to May 1, 1990, shall be subject to the requirements of the 1198 ordinance then in effect concerning dedication of land for public purposes; and credit shall be 1199 given for any charges previously imposed upon that land if the subdivider can prove that fees 1200 were previously paid. In no event shall the city be liable for any payment which may be due 1201 because of a subsequent reduction in the application percentage of land or equivalent market value 1202 in cash to be dedicated. 1203 Secs. 82-228—82-250. - Reserved. 1204 1205 DIVISION 2. - LOTS 1206 1207 Sec. 82-251. – Security to include lot improvement. 1208 The security required shall include an amount to guarantee completion of all requirements contained 1209 in this division, including but not limited to erosion control, soil preservation, final grading, lot drainage, 1210 land stabilization, , removal of debris and waste, fencing, and all other lot improvements required by the 1211 city. 1212 Sec. 82-252. - Lot arrangement. 1213 The lot arrangement shall be such that there will be no foreseeable difficulties, for reasons of 1214 topography or other conditions, in securing building permits to build on all lots in compliance with 1215 chapter 78 and in providing driveway access to buildings on such lots from an approved street. 1216 Sec. 82-253. - Lot dimensions. 1217 Lot dimensions shall comply with the minimum standards of chapter 78. Where lots are more than 1218 double the minimum required area for the zoning district, the city may require that such lots be arranged 1219 so as to allow further subdivision and the opening of future streets where they would be necessary to 1220 serve such potential lots, all in compliance with chapter 78. In general, side lot lines shall be at right 1221 angles to street lines (or radial to curving street lines) unless a variation from this rule will give a better 1222