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AGENDA ITEM 7D <br />STAFF ORIGINATOR: Tanda Gretz <br />C.C. MEETING DATE: June 9, 2003 <br />TOPIC: Consideration of Resolution No. 03 -80: <br />Approving Russian Baptist Church <br />Site Improvement Performance Agreement <br />Pastor Paul Ozerkov <br />VOTE REQUIRED: Simple Majority <br />BACKGROUND <br />The City Council has approved the Site and Building Plans and Conditional Use Permit for <br />the Russian Baptist Church, with conditions, per Resolution No. 02 -82 on September 23, <br />2002. <br />In accordance with the Site and Building Plan approvals, staff has prepared a Site <br />Improvement Performance Agreement. The agreement provides for the following: <br />1. Submittal by the developer of a Letter of Credit representing thirty-five (35) percent <br />of the site improvement costs to insure completion of the project in accordance with <br />the approved plans. <br />2. Deposit of a cash escrow to reimburse the City for costs incurred by the city related to <br />the development and improvement of the site and developer improvements. <br />The developer has reviewed the agreement and is aware of the conditions set forth. <br />RECOMMENDATION <br />Staff is recommending approval of Resolution No. 03 -80 approving the Site Improvement <br />Performance Agreement. <br />ATTACHMENTS <br />1. Resolution No. 03 -80 <br />2. Site Improvement Performance Agreement <br />1 <br />