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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.8 <br />Agenda Section Meeting Date Prepared by <br />Consent January 2, 2024 Zack Carlton, Community Development Director <br />Item Description Reviewed by <br />Development Agreement: Glens Ridge Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Approve, by motion, the Development Agreement for Glens Ridge. <br /> <br />Background/Discussion <br />The City Council approved the final plat of Glens Ridge on December 4, 2023. The plat includes two single-family <br />lots in the northeast corner of the city. <br /> <br />The conditions included for the approval of the resolution for the Final Plat include a requirement that a <br />Development Agreement be signed. Staff drafted the Development Agreement outlining the costs, responsibilities, <br />and required security in the form of a Letter of Credit and escrow deposits and are seeking Council approval. <br /> <br />Financial Impact <br />None <br /> <br />Mission/Policy/Goal <br /> Opportunity to live, work, and play <br /> Responsibly grow <br /> Work with citizens to achieve goals <br /> <br />Attachments <br /> Development Agreement <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 />