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CITY COUNCIL <br />AGENDA ITEM 6 A <br /> <br /> <br /> <br /> <br />STAFF ORIG INATOR: Jason Wedel, City Engineer <br /> <br />MEETING DATE: June 10 , 2013 <br /> <br />TOPIC: Consider Resolution No . 13 -5 5 , A pproving Development <br />Agreement for The Village No. 5 (Lino Lakes Assisted Living ) <br /> <br />VOTE REQUIRED: 3/5 <br /> <br /> <br />INTRODUCTION <br /> <br />Staff is requesting City Council c onsideration of the Development Agreement for The Village <br />No. 5 . <br /> <br />BACKGROUND <br /> <br />The City Council approved the Final Plat for The Village No. 5 on May 13 , 2013 with <br />Resolution No. 13 -54 subject to the condit ion that a Development Agreement is executed by and <br />between the developer and City. The Development Agreement has now been prepared which <br />provides for the submittal of fees and securities to cover City review costs and ensure completion <br />of the public and private improvements in accordance with the appro ved plans. <br /> <br />RECOMMENDATION <br /> <br />Staff is recomme nding approval of Resolution No. 13 -5 5 . <br /> <br />ATTACHMENTS <br /> <br />1. Resolutio n No. 13 -5 5 <br />2. Development Agreement