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1 <br /> <br />CITY COUNCIL <br />AGENDA ITEM 6B <br /> <br />STAFF ORIGINATOR: Diane Hankee PE, City Engineer <br /> <br />MEETING DATE: October 22, 2018 <br /> <br />TOPIC: Consider Resolution No. 18-146, Approving 1st Amendment to <br />Grading and Trunk Utility Agreement, Watermark Development <br /> <br />VOTE REQUIRED: 3/5 <br /> <br />INTRODUCTION <br /> <br />Staff is requesting Council consideration to approve an amendment to the Grading and Trunk <br />Utility Agreement for the Watermark development. <br /> <br />BACKGROUND <br /> <br />The Watermark PUD Development Stage Plan/Preliminary Plat was approved by Council on <br />June 13, 2016. A Grading and Trunk Utility Agreement for the first phase of grading and utility <br />work was approved by Council on June 11, 2018 with Resolution No. 18-69. <br /> <br />Lennar submitted the PUD Final Plan and 1st Addition final plat land use application in <br />September 2018. Staff is currently reviewing the application and drafting the Master <br />Development Agreement and 1st Addition Development Agreement. A summary of the <br />Agreements were presented at the October 1, 2018 Council Work Session. The tentative <br />schedule is to request Council approval of these items is November 13, 2018. <br /> <br />Lennar would like to continue their grading and utility construction operations through the <br />November approvals. The 1st Amendment to the Grading and Trunk Utility Agreement expands <br />the scope of work which is consistent with the approved grading and utility plans. <br /> <br />The amendment includes the provision of securities to ensure completion of the public and <br />private improvements in accordance with the approved plans. The Agreement includes a <br />provision whereby Developer acknowledges they are proceeding at their own risk. <br /> <br />RECOMMENDATION <br /> <br />Staff is recommending approval of Resolution No. 18-146 for the Watermark Grading and Trunk <br />Utility Agreement Amendment. <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 18-146 <br />2. Grading and Trunk Utility Agreement Amendment