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EOty1� ,.,�� 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 Aril 16, 2018 Zack Carlton,Planning Manager <br /> Item Description Reviewed by <br /> Development Agreement: Miske Meadows 4th Cal Portner, City Administrator <br /> Addition Reviewed by <br /> Action Requested <br /> Approve,by motion, the Development Agreement for 1Vliske Meadows 41h Addition. <br /> Background/Discussion <br /> The conditions imposed by City Council for the final plat of Miske Meadows 41h Addition require a <br /> signed Development Agreement. The agreement outlines the costs and responsibilities to the satisfaction <br /> of city staff and the developer. <br /> The Development Agreement follows our standard agreement language, and outlines required security in <br /> the form of a Letter of Credit and escrow deposits. The model home and building permit sections reflect <br /> previous Council direction regarding the issuance of permits and utility installation timing. <br /> The developer will install the Lincoln Street connection to Sunset Ridge as part of this project, and the <br /> road will be closed to the public until the Council removes the barricades in the future. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Development Agreement dated April 16, 2018 <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAWRE1 <br />