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4 ia <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Hanson and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: February 22, 1991 <br />RE: Costa Development Agreement <br />MAYOR <br />Raymond G. Hanson <br />COUNCIL <br />Beverly Scalze <br />Bill Biesener <br />Rick Collova <br />Jim LaValle <br />ADMINISTRATOR <br />Joel R. Hanson <br />We have received a preliminary draft of the development <br />agreement between the Costas and the City of Little Canada <br />relative to Costa Estates. I hope to meet with the <br />developers early next week in hopes of finalizing the <br />agreement prior to Wednesday's meeting. Should this occur, <br />the agreement will be presented Wednesday night for Council <br />review and action. <br />Some of the key points of the agreement are as follows: <br />Procedures have been established for the phased <br />development of Costa Estates. <br />Acquisition of the City right -of -way for Desoto <br />Street has been stated at a value of $2 per square <br />foot. <br />Developer is being asked to waive their rights to <br />appeal special assessments pursuant to Minnesota <br />Statutes 429.081. <br />Developer is to prepare a grading and drainage <br />study which will be furnished to the City Engineer <br />for his use in preparation of the feasibility <br />study. <br />The appearance 30 foot setback for 2972 DeSoto <br />Street has been allowed for. <br />Page 16 <br />