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<br />CITY COUNCIL <br />AGENDA ITEM 6E <br /> <br /> <br />STAFF ORIGINATOR: Diane Hankee, City Engineer <br /> <br />MEETING DATE: October 26, 2020 <br /> <br />TOPIC: Consider Resolution No. 20-121, Adopting Assessments, <br />Watermark 2nd Addition <br /> <br />VOTE REQUIRED: 3/5 Vote Required <br /> <br /> <br />INTRODUCTION <br /> <br />Staff is requesting City Council consideration to adopt assessments for the Watermark 2nd <br />Addition Development pursuant the Development Agreement for the project. <br /> <br />BACKGROUND <br /> <br />The City Council approved the Development Agreement for Watermark on December 16th, 2019. <br />The Agreement provides for the assessment of trunk water, sanitary sewer, and surface water fees. <br /> <br />The total amount to be assessed is $360,972.00. In the above referenced Development Agreement, <br />the developer has waived any and all procedural and substantive objections to the special <br />assessments. <br /> <br />The developer has reviewed and approved the assessments. Attached is the proposed assessment <br />roll. <br /> <br />RECOMMENDATION <br /> <br />Staff is recommending approval of Resolution No. 20-121, Adopting Assessments, Watermark <br />2nd Addition. <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 20-121 <br />2. Assessment Roll <br />