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CONSIDERATION OF THE RELEASE OF CASH SURETY IN THE AMOUNT OF $2,470.57 FOR DEFERRED CONSTRUCTION OF PAVING IMPROVEMENTS IN CONNECTION WITH NORTH FLOOD ADDITION LOCATED SOUTH OF ROBINSON STREET ON THE WEST SIDE OF NORTH FLOOD AVENUE.
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BACKGROUND: North Flood Addition is generally located 310 feet south of Robinson Street on the west side of North Flood Avenue. This subdivision contains 1.59 acres, 1 lot and remains undeveloped. City Council, at its meeting of April 28, 1998, approved deferral of street paving improvements for North Flood Avenue in the amount of $2,470.57 as a condition of approval for the final plat of North Flood Addition. The deferred paving improvements consisted of four feet (4') of widening to bring North Flood Street to the required width of 34 feet.
Mr. Harold Heiple, attorney for the applicant, has made a request to City Council for the return of the cash surety based on the fact it has been on deposit with the City for over ten (10) years. In accordance with Chapter 19-602 B7 of the City Code, the developer, after ten (10) years, can request the City Council release the obligation and return the cash surety. Chapter 19-602 B7 states City Council may return the cash surety after ten (10) years.
Before rendering a decision on the current request, staff suggests it is important to understand the history regarding the developments that have occurred in this vicinity of North Flood Avenue.
Prior to the early 1970's in Norman, commercial property was not required to be platted prior to issuance of development and building permits. With the adoption of the City's Subdivision Regulations on May 29, 1973, small businesses began platting property that fronted North Flood Avenue. The north 70.82 feet of Lot B, south 12.45 feet of Lot B and all of Lot C, Block 1 Woodslawn Industrial Tract Addition was approved by City Council November 27, 1973 and was one of the first plats submitted requiring street paving improvements. ...
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