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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.4 <br />Agenda Section Meeting Date Prepared by <br />Consent Zack Carlton, Planning Manager <br />March 7, 2022 <br />Item Description Reviewed by <br />Riverwalk Apartments: Development and Cal Portner, City Administrator <br />Planned Unit Development Agreements <br />Reviewed by <br /> <br /> <br />Action Requested <br />Approve, by motion, the Development Agreement for the plat of The Delta. <br /> <br />Approve, by motion, the Planned Unit Development Agreement for Riverwalk Apartments. <br /> <br />Background/Discussion <br />Last spring, the City Council approved Stonewood Development’s proposal to redevelop the former Saxon <br />Motors site. The approvals included a plat and a Planned Unit Development (PUD), both of which require <br />supplemental agreements supporting and regulating their project. <br /> <br />The Development Agreement outlines the required sureties and city inspection process for public improvements. <br />Public improvements are a relatively small portion of the project, but the developer is modifying Zane Street and <br />adding a cul-de-sac to the end of the street. The final cost of the public improvements will be updated with the <br />engineer’s estimate provide by the developer. <br /> <br />The PUD Agreement regulates the design and layout of the development. The developer will be held to the <br />standards outlined in the agreement and any future changes will require an amendment. <br /> <br />The developer has reviewed both documents and does not have any comments or changes. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Support the growth and development of the city. <br /> <br />Attachments <br /> Development Agreement <br /> Planned Unit Development Agreement <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />