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Show Council Reviews Property Bonds Ja myriad of problems caused by jceptance of property bonds as mpletion bonds in the cities has used the city council to take a Jcond look at the present ordinance 'id suggest that a new one be drawn -for consideration. !In Tuesday's meeting, the council so withheld an occupancy permit, viewed revenues to date, discussed jssible cost of living increase for !:y employees, approved a business :ense fee schedule, set a bid ening, announced a city employees rty and expressed appreciation to "asatch Bank for service to Senior Uizens. I A recent title search which showed )at land held in a property bond for -mpletion of improvements in a .bdivision apparently did not even jjlong to the developer, has brought 'l a head a decision to look into anging the law. 'Pleasant Grove City Council ambers said that one problem after other over the past several months jth property bonds has led them to ggest that a new ordinance be awn up which would allow only sh bonds over which the city would ,jye control. Councilman Glenn Smith said that Airely too much of the tax payer's Wy and too much time of the until is being used battling oblems related to completion nds. because a developer had not incited in-cited the improvements in a sub-vision, sub-vision, even after being granted an pension of time to do it, council cently decided to sell the property the bond to get the money to finish s improvements. A title search on is property showed that apparently 's developer did not own the operty named in the bond. Since the improvements are not in city cannot grant an occupancy rmit to the family whose home has en completed in the subdivision rich puts the family in a serious id, they stated. City ordinance will not allow an jcupancy permit to be granted when e improvements have not been stalled. rhe city attorney was instructed to aft an ordinance change which mid alter the method of bonding for mpletions. A public hearing will ed to be held before any change can be adopted, it was explained. A review of city revenues to date shows that most estimates are where they should be for the half year, it was reported by City Recorder Mark Johnson. He said that court fines are running under the estimated income and may come up short by a few thousand dollars. It was announced that an audit report will be given Jan. 13 and the review of expenses incurred by the city departments to date will be presented at the next council meeting. In connection with this the council will make a determination after the expenses are reviewed as to whether the city will be able to offer a cost of living increase to full time city employees. em-ployees. The council approved a method of establishing a fair business license fee structure for the city. Fees will be collected based on gross receipts for the past year. Using a graduated fee structure from $30 for businesses with gross receipts of $30,000 or less the schedule will go up to $250 for gross receipts of $750,000 and over. Some businessmen on the council felt the fee schedule should be equal, with a set rate. They claimed that the margin of profit should be considered since inflation, wages, property taxes, etc. take their toll. The council agreed to take another look at the fee schedule in June when the next budget is being considered to see if a better method of licensing can be found. The city employees will be treated to a party on Jan. 14 at 7 p.m. at Mutual Dell, it was announced. The council expressed appreciation to Wasatch Bank for catering a luncheon for Senior Citizens on Dec. 31. The dinner was lovely in every way, it was reported by Coun-cilwoman Coun-cilwoman Donna Brock. A bid opening for installation of a drainage ditch pipe on the LaMont Blackhurst property west of State Road 89, will be held Jan. 27 at 6 p.m. Runoff water created by construction con-struction in Pleasant Grove and Lindon has caused flooding on the property and will need to be contained and diverted to a pasture for the present time, it was noted. |