(A) Any person desiring to have improvements installed may request the city to install them, if the request is accompanied by a written petition signed by 100% of the landowners pursuant to M.S. Chapter 429 and a waiver of assessment appeal. Acceptance of the request shall be discretionary on the part of the City Council, based on benefit to property owners, and subject to the following conditions and as authorized by state law. If approved by the Council, the city may cause the improvements to be made and special assessments for all costs of the improvements to be levied on the benefitted land, except any land which is or shall be dedicated to the public.
(B) Subsequent to approval by the Council and before execution by the city of the final plat or other appropriate forms of city approval, the owner or applicant shall submit to the city a letter of credit or cash deposit ("security") which guarantees payment of special assessments levied as a result of improvements installed by the city pursuant to this chapter. The form, type, issuer and amount of security shall be approved by the city and consistent with city policy as adopted by the City Council from time to time.
(Ord. 111, passed 12-23-97; Am. Ord. 121, passed 2-23-99; Am. Ord. 0903, passed 10-27-09; Am. Ord. 1603, passed 3-8-16)