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code to allow a 1-time, 2-year extension to a sidewalk contract if a contract was in effect prior to: 30, 2012. The time has now come where one of these developers is approaching the end of its 1 2-year extension for these sidewalks, and because the market is not yet at the point where to being sold and built on, the developer Is requesting that the Board revisit this portion of the cc consider granting a second 2-year extension so that the developers are not forced to construct sidewalk segments now, knowing full well that when the tots are sold and later a residence constr, the construction equipment will destroy the sidewalks and the developer will be required to construct them before a certificate of occupancy will be issued, thus paying for the same constr twice. RECOMMENDATION: June are a to again 1. Staff has no objection to the Board holding a public hearing to consider amending the code to provide that an additional 2 -year extension be available to the developers who are operating under the sidewalk bonding -out regulations that were in effect prior to 2009, and who have a sidewalk contract currently in effect prior to June 30, 2012. 2. For the sidewalk contracts for the above-named subdivisions which will be expiring prior o the holding of a public hearing and the possible adoption of an amendment, allow a grace period for the developers from having to construct the sidewalks while the Board considers the adoption of an ordinance amendment and, in the event the Board does not adopt an ordirlance amendment, give the developers 90 days from the date of the public hearing to complete the sidewalk construction so long as the security, if in the form of a letter of credit, is approp lately extended. is is noted that no security will be expiring prior to January, 2014, FUNDING: The only cost associated with this issue is the cost of advertising the notice of public hearing. The ost is estimated to be approximately $130.00. Funds are available from General Fund/County Attorney legal Account No. 00110214-033110. REQUESTED ACTION: I. 2. nhm Authorize staff to proceed with advertising for the Board to hold a public hearing to consider amending portions of Chapter 913 with respect to sidewalk extensions on subdivisions that were platted prior to 2009; and Allow a grace period for the developers from having to construct the sidewalks while the Board considers the adoption of an ordinance amendment to provide for an additional -year extension to the existing sidewalk contracts and, in the event the Board does not adopt an ordinance amendment, allow the developers a 90 -day grace period from the date of the public hearing to complete the sidewalk construction so long as the security, if in the form of a letter of credit, is appropriately extended. If the Board does not adopt such an ordinance amen Jiment and the developer does not complete the sidewalk construction within the 90 -day grace eriod, authorize staff to proceed to call the security due to the contract being in default. 2 x 174