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• <br />• <br />• <br />AGENDA ITEM 7E <br />STAFF ORIGINATOR: James E. Studenski, City Engineer <br />COUNCIL MEETING DATE: November 10, 2003 <br />TOPIC: Resolution No. 03 -203, Adopting Assessments, Stoneybrook <br />VOTE REQUIRED: 3/5 Vote Required <br />BACKGROUND: <br />Stoneybrook is a subdivision where we have a development agreement <br />describing the assessments. In the development agreement dated May 27, <br />2003, the Developer waives any and all procedural and substantive objections to <br />the installation of the City improvements and the special assessments. The <br />Stoneybrook development is substantially complete and therefore, City Staff is <br />prepared to adopt the assessments. <br />OPTIONS: <br />1. Adopt Resolution No. 03 -203, Adopting Assessments for Stoneybrook <br />Development. <br />2. Not Adopt Resolution No. 03 -203. <br />3. Return to staff for further review. <br />RECOMMENDATION: <br />Staff recommends Option No. 1. <br />