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CITY COUNCIL AGENDA ITEM 6G <br /> STAFF ORIGINATOR: Kelsey Gelhar, Assistant City Engineer <br /> MEETING DATE: October 25, 2021 TOPIC: Consider Resolution No. 21-123, Adopting Assessments, Watermark <br />3rd Addition (Phase 3B) <br /> VOTE REQUIRED: 3/5 Vote Required <br />INTRODUCTION <br /> Staff is requesting City Council consideration to adopt assessments for the Watermark 3rd Addition Development pursuant the Development Agreement for the project. BACKGROUND <br /> The City Council approved the Development Agreement for Watermark on June 23rd, 2020. The Agreement provides for the assessment of trunk water, sanitary sewer, and surface water fees. <br />The total amount to be assessed for Watermark 3rd Addition – Phase 3B is $460,765.44. In the above <br />referenced Development Agreement, the developer has waived any and all procedural and substantive objections to the special assessments. The developer has reviewed and approved the assessments. Attached is the proposed assessment roll. <br /> <br />RECOMMENDATION Staff is recommending approval of Resolution No. 21-123, Adopting Assessments, Watermark 3rd Addition – Phase 3B. <br /> ATTACHMENTS 1. Resolution No. 21-123 <br />2. Assessment Roll – Phase 3B <br />