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Elk River City Council Minutes April 21, 1997 Page 5 5.6. Update on Appraisals and Consideration of Ordinance Amendinq Section 1010.12 IManufactured Home Park Closinqs) of the City Code of Ordinances, Public Hearinq Case No. GA 97-4 City Planner Steve Ach slated that staff has worked with the City Attorney's office to revise Section 1010.12 of the City Code regarding payment of additional compensation. He indicated that the specific changes to the ordinance included the following: 1.) clarifying that residents of the manufactured home park have the choice whether to relocate their mobile home or choose to tender title upon compensation, and 2.) the ordinance amendment will also provide that the mobile home purchaser shall reimburse the city for any advances the city makes for appraisal costs. Mayor Duifsman opened the public hearing. There being no one for or against the matter, Mayor Duitsman closed the public hearing. COUNCILMEMBER FARBER MOVED TO APPROVE ORDINANCE 97-7, AN ORDINANCE AMENDING SECTION 1010.12 OF THE CITY CODE OF ORDINANCES (MANUFACTURED HOME PARK CLOSINGS) REGARDING PAYMENT OF ADDITIONAL COMPENSATION AS STATED IN STAFF'S MEMO DATED APRIL 21, 1997. COUNCILMEMBER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 5-0. City Administrator Pat Klaers introduced Dwight Poss of Credit Resource Management, the appraisal firm hired to complete work at the Elk Terrace Mobile Home Park. Dwight Poss updated the Council on the status of the appraisals and the work he has completed. Councilmember Holmgren thanked Dwight for his update and for the work he has completed. Heather Bergman, resident of Elk Terrace Mobile Home Park, asked if the Council was aware of when the money would be available to the residents. Mayor Duitsman indicated the city had no information at this time. 5.7. Consider Request by Derrick Investment to Install Public Utilities Without Providinq a Financial Guarantee Pat Klaers explained Derrick Investment has requested the City Council deviate from its policy of requiring full financial security before developers start a project. Mr. Derrick indicates he has a contractor available to do work, but will not have his bank financing in place until mid May. It was noted that, as the Highland trunk water line is proposed to go through this plat, the city and developer as partners in the grading aspect of this project. It was the consensus of the City Council to allow Derrick Investment to do grading on Phases II an III provided the plat is recorded and the grading plan is approved by the city engineer. Also, the Mayor and Councilmembers were in agreement to not allow utility pipes to be installed beyond Phase I until additional financial security is placed with the city.