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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.2 <br /> Agenda Section Meeting Date Prepared by <br /> Consent August 7, 2017 Zack Carlton,Planning Manager <br /> Item Description Reviewed by <br /> Development Agreement: Eagles Marsh Third Cal Portner, City Administrator <br /> Addition Reviewed by <br /> Action Requested <br /> Approve,by motion, the Development Agreement for Eagles March Third Addition. <br /> Background/Discussion <br /> The conditions imposed by the City Council for the approval of the resolution for the Final Plat of <br /> Eagles Marsh Third Addition include a requirement that a Development Agreement be signed. The <br /> agreement outlines the costs and responsibilities to the satisfaction of the city attorney. <br /> Staff and the attorney drafted a Development Agreement outlining these responsibilities, and are seeking <br /> Council approval. The applicant requested permission to begin construction on parcels within the plat <br /> that are already served by city streets and public utilities. Staff does not have any concerns with the <br /> request and has made the change. Construction of all remaining homes will not occur until streets are <br /> paved and public utilities have been installed. <br /> The Development Agreement closely follows our standard agreement, and outlines required security in <br /> the form of a Letter of Credit and escrow deposits. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Development Agreement dated August 7, 2017 <br /> POWERED 6T <br /> AR <br />