Town of Erie
File #: 21-317    Version: 1 Name:
Type: General Business Status: Agenda Ready
File created: 8/2/2021 In control: Town Council
On agenda: 8/24/2021 Final action:
Title: PUBLIC HEARING: An Emergency Ordinance of the Board of Trustees of the Town of Erie Amending Section 10-7-20 of the Erie Municipal Code Regarding Development Improvement Guarantees
Attachments: 1. Ordinance 21-2021

SUBJECT: General Business

Title

PUBLIC HEARING: An Emergency Ordinance of the Board of Trustees of the Town of Erie Amending Section 10-7-20 of the Erie Municipal Code Regarding Development Improvement Guarantees

Body

DEPARTMENT:  Planning and Development

 

PRESENTER:  Fred Starr, AICP, Planning and Development Director

 

TIME ESTIMATE: 5 Minutes

 

STAFF RECOMMENDATION:

Recommendation

Approve Ordinance Amending Section 10-7-20 of the Unified Development Code

End

 

SUMMARY AND BACKGROUND OF SUBJECT MATTER:

The purpose of the ordinance is to update a portion of Section 10-7-20 of the Unified Development code which addresses Improvement Guarantees, which are used to ensure the installation of required public improvements associated with a final plat or site plan. The specific changes are to Section C - Methods, which identify the methods acceptable to the Town for the Improvement Guarantee.  

The changes as outlined are as follows:

Add language to 10.7.20.C.1, to specify that the form of the escrow agreement will be in a form acceptable to the Town.

Add language to 10.7.20.C.1.b, to specify that such guarantee shall also apply to “Partial Completion” of improvements, and

Adding a new Section 10.7.20.C.3 as noted in the Ordinance.  This additional language is needed for projects funded by the Town as well as the Town of Erie Urban Renewal Authority (TOEURA), because the Town is already funding these projects, so additional guarantees will only increase the Town’s costs (or TOEURA’s costs). This will enable the Town to minimize the Town’s costs while still guaranteeing the completion of the improvements.

The Planning Commission approved a Resolution recommending the Board of Trustees approve this Ordinance on August 4th, 2021.

 

ATTACHMENTS:                      

1.                     Ordinance  21-2021