Laserfiche WebLink
• <br />• <br />• <br />COUNCIL MINUTES APRIL 8, 2002 <br />Community Development Director Grochala indicated TCF Bank has reviewed the agreement and is <br />aware of the conditions set forth. <br />Community Development Director Grochala advised staff recommends adoption of Resolution No. <br />02 -29, Authorizing execution of Site Improvement Performance Agreement with TCF Bank. <br />Councilmember Dahl moved to adopt Resolution No. 02 -29, Authorizing execution of Site <br />Improvement Performance Agreement with TCF Bank. Councilmember Reinert seconded the <br />motion. <br />Motion carried unanimously. <br />Resolution No. 02 -29 can be found in the City Clerk's office. <br />Consideration of Resolution No. 02 -30, Authorizing execution of Site Improvement <br />Performance Agreement with McDonald's Corporation, Michael Grochala — Community <br />Development Director Grochala advised the City Council approved the site and building plans for the <br />McDonalds, with conditions per Resolution No. 01 -168 on October 22, 2001. A revised set of plans <br />incorporating the required modifications prepared by Ryan Engineering dated February 4, 2002, was <br />received by the City on March 12, 2002. <br />Community Development Director Grochala indicated, in accordance with the site and building plan <br />approvals, staff has prepared a Site Improvement Performance Agreement. The agreement provides <br />for the following: <br />1. Submittal by the developer of a Letter of Credit representing 35 percent of the site <br />improvement costs to ensure completion of the project in accordance with the approved plans. <br />2. Waiver of procedure and appeal of special assessments for the Lake /Apollo Drive <br />Improvements up to an amount of $139,406. <br />3. Deposit of a cash escrow to reimburse the City for costs incurred by the City related to the <br />development and improvement of the site and developer improvements. <br />Community Development Director Grochala advised staff recommends adoption of Resolution No. <br />02 -30, Authorizing execution of Site Improvement Performance Agreement with McDonald's <br />Corporation. <br />Councilmember Dahl asked, if this Resolution is approved this evening, when will the project begin. <br />Community Development Director Grochala indicated the developer intends to break ground on <br />Monday, April 15, 2002. <br />11 <br />