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Discuss Development of City-owned Cargill Land <br /> May 16,2005 City Council Meeting <br /> Page 2 of 2 <br /> • The property was acquired through a Settlement Agreement with Cargill, Inc. dated August <br /> 31, 2000. The agreement limits the development timing of a majority of the property until <br /> September 1,2005,with the exception of the extending the utilities through the area. The <br /> city is required to give Cargill 90 days advance notice prior to the city's commencement of <br /> development. <br /> One of the private landowners has indicated interest in working with the City to develop the <br /> area with city services (to be extended from 1715`Avenue) allowing for new development. <br /> In addition, staff has received interest from several developers for the development of the <br /> area as well. <br /> Staff has drafted the attached development schedule which includes the planning process, <br /> special assessment process for improvements and MNDot request for payment. A great deal <br /> of time will need to be spent coordinating infrastructure improvement plans with the <br /> adjacent landowners. <br /> Recommendation <br /> Staff requests the Council's feedback and direction to proceed with the activities noted on <br /> the attached development schedule. <br /> • <br /> • <br />