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<br />Discuss Development of City-owned Cargill Laild <br />May 16, 2oo50ty Council Meeting <br />Page 20f2 <br /> <br />The property was acquired through a Settlement Agr~ement 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 requited to give Cargill 90 days advance notice prior to the city's commencement of <br />development. . <br /> <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 171 st Avenue) allowing for new development. <br />In . addition, staff has receivedint~rest from several. developers for the de"\Telopment of the <br />area as wen. <br /> <br />Staff has drafted the attached development schedule which includes the planning process, <br />special assessment process for improvementsand.MNDottequest for payment. A great deal <br />of time will ne~d to be spent coordinating infrastructure improvement plans with the <br />adjacent landowners. <br /> <br />Recommendation <br />Staff requests the Council's feedback and direction to proceed with the activities noted on <br />the attached development schedule. <br />