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City of <br />Qk*' <br />River <br />Request for Action <br />To <br />Item Number <br />Mayor and City Council <br />4.4 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Consent Agenda <br />March 2, 2020 <br />Zack Carlton, Planning Manager <br />Item Description <br />Reviewed by <br />Development Agreement: Miske Meadows Sixth <br />Cal Portner, City Administrator <br />Addition <br />Reviewed by <br />Action Requested <br />Approve, by motion, the Development Agreement for Miske Meadows 61h Addition <br />Background/Discussion <br />The conditions imposed by City Council for the final plat of Miske Meadows 61h 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 />Financial Impact <br />None <br />Attachments <br />■ Development Agreement dated March 2, 2020 <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional,` 01 e <br />service, and community engagement that encourages and inspires prosperity INAWRE1 <br />