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• <br />• <br />• <br />STAFF ORIGINATOR: <br />CITY COUNCIL <br />MEETING DATE: <br />TOPIC: <br />AGENDA ITEM 7A <br />Michael Grochala <br />June 24, 2002 <br />Consideration of Resolution No. 02 -64 <br />Approving Raske Building Systems Site <br />Improvement Performance Agreement <br />VOTE REQUIRED: 3/5 <br />BACKGROUND: <br />The City Council approved the Site and Building Plans for Raske Building <br />Systems, with conditions per Resolution No. 02 -58 on June 10, 2002. <br />In accordance with the Site and Building Plan approvals staff has prepared a <br />Site Improvement Performance Agreement. The agreement provides for the <br />following: <br />1. Submittal by the developer of a Letter of Credit representing thirty -five <br />(35) percent of the site improvement costs to insure completion of the <br />project in accordance with the approved plans. <br />2. A special assessment agreement for the previously installed Apollo Drive <br />Improvements in the amount of $60,911.86. <br />3. Deposit of a cash escrow to reimburse the City for costs incurred by the <br />City related to the development and improvement of the site and <br />developer improvements. <br />Raske Building Systems has reviewed the agreement and is aware of the <br />conditions setforth. <br />OPTIONS: <br />1. Approve Resolution No. 02 -64 <br />2. Do not authorize execution of the agreement. <br />3. Return to staff for further consideration. <br />