HomeMy WebLinkAbout2005-076 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 05 -76
RESOLUTION APPROVING DEVELOPMENT CONTRACT FOR ANGIE'S ACRES.
WHEREAS, the Planning and Zoning Commission approved the final plat of Angie's Acres on
May 11, 2005, and
WHEREAS, the Developer is requesting approval to commence construction of single family
dwellings; and,
WHEREAS, the City's subdivision ordinance and conditions of approval require the execution of
a development contract, between the Developer and the City of Lino Lakes, prior to
commencement of site construction activities and final plat approval to insure satisfactory
completion of improvements.
NOW, THEREFORE, BE IT RESOLVED THAT the Lino Lakes City Council approves the
Development Contract with the Developer for Angie's Acres and authorizes the Mayor and City
Clerk to execute such agreement on behalf of the city.
Adopted by the Lino Lakes City Council this 13th day of June, 2005.
Ann J. BIif, City Clerk
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Joh . Berg on, ay�01 or
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AGENDA ITEM 6Ci
STAFF ORIGINATOR: James E. Studenski, City Engineer
COUNCIL MEETING DATE: June 13, 2005
TOPIC: Resolution No. 05 -76, Approving Development Contract, Angie's
Acres
Vote Required: Simple Majority
BACKGROUND:
The Planning and Zoning Commission approved the final plat of Angie's Acres
on May 11, 2005. The Developer, A and J Properties, LLC is requesting
approval to allow for developing a lot split at the southeast corner of Elm Street
and Rice Lake Lane.
In accordance with the preliminary plat approval and City policy staff has
prepared a Development Contract. The contract provides for the following:
1. Submittal by the developer of a Letter of Credit in the amount $6,250
• representing 35 percent of the City improvement costs to insure
completion of the project in accordance with the approved plans.
2. Deposit of a cash escrow in the amount of $5,200 to reimburse the City
for costs incurred by the City related to the development and
improvements of the site and developer improvements.
A and J Properties, LLC has reviewed the contract and is aware of the conditions
set forth.
OPTIONS:
1. Return to staff for further review.
2. Adopt Resolution Number 05 -76, Approving Development Contract, Angie's
Acres.
3. Not adopt Resolution Number 05 -76.
RECOMMENDATION:
Option No. 2 - Staff recommends that Resolution Number 05 -76 be adopted.
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