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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.7 <br /> Agenda Section Meeting Date Prepared by <br /> Consent August 6, 2018 Zack Carlton,Planning Manager <br /> Item Description Reviewed by <br /> Development Agreement: Riverplace Second Cal Portner, City Administrator <br /> Addition Reviewed by <br /> Action Requested <br /> Approve,by motion, the Development Agreement for Riverplace Second Addition. <br /> Background/Discussion <br /> The conditions imposed by City Council for the final plat of Riverplace Second Addition require a signed <br /> development agreement. The agreement outlines the costs and responsibilities to the satisfaction of city <br /> staff and the developer. <br /> The agreement follows our standard language and outlines required security in the form of a Letter of <br /> Credit and escrow deposits. The model home and building permit sections reflect previous Council <br /> direction regarding the issuance of permits and utility installation timing. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Development Agreement dated August 6, 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 />