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COUNCIL MINUTES FEBRUARY 27, 2006 <br /> APPROVED <br /> -� City Administrator Heitke noted Section 6, Default/Remedies was removed from the agreement. He <br /> also noted the benefits to the City for entering into the agreement are for a period of fourty years. <br /> Staff will be working with the City Attorney to included that language in the agreement. <br /> Councilmember O'Donnell moved to approve Resolution No. 06—37,with the additional language <br /> outlined by the City Administrator. Councilmember Reinert seconded the motion. Motion carried <br /> unanimously. <br /> COMMUNITY DEVELOPMENT DEPARTMENT REPORT,MICHAEL GROCHALA <br /> Cavegn Estates: <br /> Consider Resolution No. 06 — 33, Approving Development Contract, James Studenski — City <br /> Engineer Studenski advised the City Council approved a preliminary plat on July 25, 2005 for the <br /> Cavegn Estates. On February 13, 2006 the 1"Reading of Ordinance 01-06—Vacation of a portion of <br /> Lois Lane right of way and drainage and utility easements was approved. Cavegn Estates provides for <br /> the construction of 2 residential units on a 1.38 Acre parcel of property near the intersection of <br /> Country Lane and Lois Lane. <br /> In accordance with the preliminary plat approval and City policy, staff has prepared a Development <br /> Contract. The contract provides for the following: <br /> 1. Submittal by the developer of a Letter of Credit in the amount of$7,400 representing 35 <br /> percent of the City improvement costs to insure completion of the project in accordance with <br /> the approved plans. No street or utility improvements are necessary for this development. <br /> 2. Deposit of a cash escrow in the amount of$3,950 to reimburse the City for costs incurred by <br /> the City related to the development and improvements of the site and developer <br /> improvements. <br /> Anthony and Kimberly Cavegn have reviewed the contract and are aware of the conditions set forth. <br /> Councilmember Carlson moved to approved Resolution No. 06—33, as presented. Councilmember <br /> O'Donnell seconded the motion. Motion carried unanimously. <br /> Consider Second Reading of Ordinance No. 01 - 06,Vacating Part of Lois Lane Street Right of <br /> Way; and drainage and utility easements for Cavegn Estates, Paul Bengtson— Associate Planner <br /> Bengtson advised Anthony and Kimberly Cavegn have received approval of a Preliminary Plat for <br /> Cavegn Estates and one of the conditions of approval was the vacation of the unused cul-de-sac <br /> portion of Lois Lane adjacent to the northeast corner of their property at 7870 Country Lane as well as <br /> the corresponding drainage and utility easements. The applicant will dedicate new utility easements <br /> in conjunction with the Final Plat of the site which follows this item on the agenda. <br /> The cul-de-sac that was dedicated on this lot as part of the Mar Don Acres plat is no longer necessary <br /> as the street continues through to the east. The applicant is proposing to plat the property into two <br /> 10—N lots. As such the City Council approved the preliminary plat for the site with the condition requiring <br /> the vacation of the unused cul-de-sac right of way. <br /> 5 <br />