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4.5. SR 10-16-2017
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4.5. SR 10-16-2017
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10/13/2017 8:10:45 AM
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10/16/2017
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EGty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.5 <br /> Agenda Section Meeting Date Prepared by <br /> Consent October 16, 2017 Chris Leeseber , Senior Planner <br /> Item Description Reviewed by <br /> Developers Agreement: Trace Heights Second Zack Carlton,Planning Manager <br /> Addition Reviewed by <br /> Cal Portner, City Administrator <br /> Action Requested <br /> Approve,by motion, the Development Agreement for Trace Heights Second Addition. <br /> Background/Discussion <br /> The conditions imposed by the City Council for the approval of the resolution for the Final Plat of Trace <br /> Heights Second Addition include a requirement that a Development Agreement be signed. Staff and the <br /> city attorney drafted a Development Agreement outlining these responsibilities, and are seeking Council <br /> approval. <br /> The agreement outlines the costs,responsibilities, and required security in the form of a Letter of Credit <br /> and escrow deposits. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Development Agreement dated October 16, 2017 <br /> POWERED 6T <br /> AR <br />
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