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r <br />MINUTES OF THE RFGtLAK ORONO COUNCIL MEETING HELD <br />JULY 25, 1994 <br />Hurt suc'^ested creatine a "quiet water" zone and questioned if the City had the right to do so. <br />City Administrator Moorse stated that if there were agreement by both cities they could restrict <br />water craft to small motors or no motors. <br />Citv Administrator Moorse questioned the enforcement of a 30 minute time limit. He will <br />SntinueTwork w^ Joe L.vnch, the Long Lake City Administrator to develop an elective. <br />enforceable ordinance. <br />Hurr noted that personal water craft have the same rights as boats. <br />(♦#11) REQUEST FOR REFUND OF PARK DEDICATION FEE <br />It was moved bv Jabbour, seconded by Goetten, to authorize the refund of S25 200 park <br />dedication fee due to withdrawal of Application #1818 payable to Russell T. Lund, III. / ves <br />5, nays 0. <br />f#12) SUBRECIPIENT AGREEMENTS COMMUNTH' DEVELOPMENT BLOCK <br />' GRANT PROGRAM 1994 - RESOLUTION NO. 3454 <br />It was moved bv Jabbour, seconded by Goetten. to adopt Resolution No. 3454 authorizing the <br />M^vor ami Citv Administrator to execute a subrccipient agreement with Hennepin County for <br />1994 (Year XX*) Urban Hennepin County Community Development Block Grant Program. Ayes <br />5, nays 0. <br />(#13) TANDEM PROPERTIES REVIEW OF SUBDIVIDERS AGREEMENT AND <br />SECURITY DEPOSIT <br />ritv Attornev Barrett exDlained the City’s requirement for a subdivider to post a bond in the <br />amLnt of 150% of the value. Originally the subdivider proposed to financially suppon this <br />property with a supplemental mortgage. After reviewing, the City Mtorney - <br />accenting this tvpe of security. After much negotiation, a Letter of Credit in the amount ot <br />r3^» ^nd Xformance^Bond of $420,^ were propo^. ^4^ <br />accented bv the Citv, the developer would then post a $15,000 Letter ot Credit to cover legai <br />costs^and a two-yea^r Warranty Bond to secure any defects in work. j-xS work progresses, the <br />bond is reduced but Letter of Credit is maintained until work to be completed is valued at less <br />than 150% of $300,000 amount. <br />Mabusth added that no building permits would be issued until retention ponds and roads are <br />completed. She noted the final plat resolution accepted a supplemental <br />to te never been accep.ee by the City in .he pas. (Dto c.es have^f. <br />mor.gages. The Ci.y A..omey's office has worked w.Ui .he developer .o cs..iblish .he cutren. <br />security. <br />Hurr stated there should have been a legal review prior to accepting a supplemental mortgage <br />in the final plat resolution. <br />It was moved by Callahan, seconded by Jabbour, to approve the security deposit proposed by <br />Tandem Properties. Ayes 5, nays 0.