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Development Agreement <br />The conditions of approval include a requirement of a signed Development Agreement. The agreement <br />outlines the costs and responsibilities to the satisfaction of city staff. <br />Staff and the attorney drafted a Development Agreement outlining these responsibilities and are seeking <br />Council approval. The Development Agreement closely follows our standard agreement, and outlines required <br />security in the form of a Letter of Credit and escrow deposits. <br />Financial Impact <br />None <br />Attachments <br />■ Final Plat <br />■ Final Plat Resolution <br />■ Site and Construction Plans dated February 24, 2020 <br />■ Staff Comment Letter dated March 13, 2020 <br />■ Development Agreement <br />N:\Public Bodies\Agenda Packets\04-06-2020\Final\4.10 sr Prestigious Woodland Hills 5 FP.docx <br />