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• <br />• <br />AGENDA ITEM 1 C <br />STAFF ORIGINATOR: Jeff Smyser <br />C. C. MEETING DATE: June 11, 2007 <br />TOPIC: Resolution 07 -88, Authorizing Performance Agreement <br />With Taylor Corporation (Ad Graphics) for Parking Lot <br />and Stormwater Facilities Improvements <br />ACTION: <br />BACKGROUND <br />3/5 <br />Taylor Corporation (Ad Graphics) intends to remodel the interior of the building to <br />convert existing production space into additional office space. The addition of office <br />space increases the need for parking spaces. This in turn requires increasing the size of <br />the parking lot. Because this creates more impervious surface, it also requires <br />improvements to the stormwater management facilities on the site. Such work typically <br />occurs as part of the construction of a new building, which must be covered with a <br />performance agreement. <br />We do not allow construction that creates parking needs (such as the additional office <br />space) unless the parking is constructed at the same time. The parking and stormwater <br />improvements need approval from the Rice Creek Watershed District, and the final plans <br />for the improvements have not been fully reviewed and approved by the City. <br />Staff is attempting to expedite the City process to allow Taylor Corporation to begin <br />construction as soon as possible. Authorization to prepare the performance agreement <br />and for the Mayor and City Clerk to execute it will allow us to grant the building permit <br />for the interior renovation as soon as we have the agreement completed and executed by <br />Taylor Corporation. This will be prior to the next City Council meeting. <br />OPTIONS <br />1. Approve Resolution 07 -88, authorizing the preparation and execution of a <br />performance agreement with Taylor Corporation. <br />2. Return to staff with direction. <br />RECOMMENDATION <br />Option 1 <br />