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Elk REQUEST FOR ACTION <br />.~.., <br />River <br />To Item Number <br />Ci Council 5.5. <br />Agenda Section Meeting Date Prepared by <br />Community Develo ment March 16, 2009 Jeremy Barnhart, Plannin Mana er <br />Item Description Reviewed by <br />Termination of Development Agreements: Hillside Crossing <br />and Hillside Estates Reviewed by <br />Action Requested <br />The developer of the two projects has requested the City formally terminate the Development <br />Agreements. The City Engineer and City Attorney have reviewed the request. Staff recommends <br />termination of the agreements. <br />Background/Discussion <br />Hillside Estates is a 1992 project and Hillside Crossing is a 1994 project. <br />All aspects of the project have been completed and accepted by the City. All assessments have been paid. <br />The developer desires the termination of the agreement as the agreement encumbers unsold properties, <br />clouding the title. <br />Financial Impact <br />None <br />Attachments <br />^ Letter from Riverside Development dated March 16, 2009 <br />^ Termination of Development Agreement document <br />Action Motion by Second by Vote <br />Follow Up <br />S:\PT.ANNTNG MAIN\Case Files\Plat\Ternvnation of agreement.doc <br />