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AGENDA ITEM 7F <br />• STAFF ORIGINATOR: John Powell, City Engineer <br />• <br />• <br />COUNCIL MEETING DATE: January 22, 2001 <br />TOPIC: Clearwater Creek Business Center Disbursement <br />VOTE REQUIRED: 3/5 Vote Required <br />BACKGROUND: <br />On November 13, 2000, the City Council approved the Final plat for the <br />Clearwater Creek Business Center (CCBC). At that meeting, the City Council <br />also discussed and approved the development agreement for this project. The <br />development agreement included a negotiated settlement of the costs related to <br />installation of utilities in the area by the developer, T & G Properties, and the City <br />of Lino Lakes. <br />As noted on Exhibit D of the agreement, the developer extended sanitary sewer <br />and water service to serve areas north of Main Street and outside the limits of <br />the plat. The costs associated with this utility extension have been thoroughly <br />reviewed and the amount requested, $135,030.80, is a reasonable amount for <br />this work done. <br />There is an additional cash payment for easements to be made by the City as <br />part of the agreement. The estimated amount is $139,325. This payment will <br />not be made until the proper easement documents have been submitted to, and <br />approved by, the City Attorney. <br />OPTIONS: <br />1. Approve the Clearwater Creek Business Center Disbursement <br />2. Return to staff for further consideration. <br />RECOMMENDATION: <br />Staff recommends Option 1. <br />