04/08/2002 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES APRIL 8, 2002 3. Deposit of a cash escrow to reimburse the City for costs incurred by the City related to the development and improvement of the site and developer improvements. Community Development Director Grochala indicated TCF Bank has reviewed the agreement and is aware of the conditions set forth. Community Development Director Grochala advised staff recommends adoption of Resolution No. 02-29, Authorizing execution of Site Improvement Performance Agreement with TCF Bank. Councilmember Dahl moved to adopt Resolution No. 02-29, Authorizing execution of Site Improvement Performance Agreement with TCF Bank. Councilmember Reinert seconded the motion. Motion carried unanimously. Resolution No. 02-29 can be found in the City Clerk's office. Consideration of Resolution No. 02-30, Authorizing exe on f Site Improvement Performance Agreement with McDonald's Corporati . o, el Grochala — Community Development Director Grochala advised the City Co . `�.roved the site and building plans for the McDonalds, with conditions per Resolution No. 01- on ' tober 22, 2001. A revised set of plans incorporating the required modifications prepare •by ' T. Engineering dated February 4, 2002, was received by the City on March 12, 2002. Community Development Director Groch approvals, staff has prepared a Site Imp for the following: ed, in accordance with the site and building plan Performance Agreement. The agreement provides 1. Submittal by the developer o m°er o Credit representing 35 percent of the site improvement costs t on of the project in accordance with the approved plans. 2. Waiver of procedure an appeal of special assessments for the Lake/Apollo Drive Improvements up to an . ount of $139,406. Deposit of a cash escrow to reimburse the City for costs incurred by the City related to the development and improvement of the site and developer improvements. Community Development Director Grochala advised staff recommends adoption of Resolution No. 02-30, Authorizing execution of Site Improvement Performance Agreement with McDonald's Corporation. Councilmember Dahl asked, if this Resolution is approved this evening, when will the project begin. Community Development Director Grochala indicated the developer intends to break ground on Monday, April 15, 2002.