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t669 Tonka Prcperties Page 3 Subdivision PRO There is 5,500 sf of hardcover allowed on this project. The total existing hardcover is 11,170 sf. This is a 26% increase in hardcover. The applicant is proposing 21,595 sf which is a 73% increase. Riparian Access Since outlot B is in common ownership with the four lots there are a number of ways to determine riparian boat access. The south shoreline is very low and is a sensitive area. Riparian boat access should be discouraged in this area and encouraged on the north and west shorelines. Options available: 1) Lots 1 a 2 share dock on western shoreline and Lots 3 i 4 share dock on northern shoreline. This option would allow 2 slips per lot and not require a joint use permit by City. 2) All lots use one dock each lot would be allowed one slip. This option would require a joint use permit from the City. 3) Each lot to have its own dock along the north and western shoreline. Due to the sensitive shoreline and steep slopes this could be a problem. Letter of Credit The applicants, Tonka Lake Properties, and fee owners (see exhibits A s B) of the parcels that make up the homestead lots of Gladys Olson, Lot 30, 31, 6 32 have been asked to furnish the City a letter of credit or performance bond to insure the installation of sewer if this project is also not completed. The applicants' attorney (see exhibit P) states the City has no right to ask this as a requirement for subdivision review only as a condition of final plat approval. On September 15, 1980, (see exhibit E) Council as a condition of extending the deadline date for hookup required the previous owner to submit financial secur4ty to insure the hookup. Again, the property was being considered for development and Council agreed to the postponement realizing the savings involved with an installation at the time of the proposed development. This development was never realized, the house remains unsewered, firs. Olson still lives in the house as a renter and the new responsible owner is Tonka Lake Properties. Staff will not schedule a public hearing until the City is in receipt of the letter of credit. Glenn Cook has estimated the single hook up at $14,820.00 (see exhibit C). Although we usually require 150% of that estimate, we will accept a $15,000.00 guarantee by the 30th of March to allow for adequate time forlegal notice of public hearing.