HomeMy WebLinkAbout2003-173 Council Resolution•
CITY OF LINO LAKES
RESOLUTION NO. 03-173
RESOLUTION APPROVING DEVELOPMENT AGREEMENT FOR GRADING, MILLER'S
CROSSROADS.
WHEREAS, the City Council approved the preliminary plat of Miller's Crossroads on September
22, 2003, and
WHEREAS, the Developer, Bruggeman Properties, is requesting approval to commence
grading of such development to be known as Miller's Crossroads; 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 public improvements.
NOW, THEREFORE, BE IT RESOLVED THAT the Lino Lakes City Council approves the
Development Contract for Grading with Bruggeman Properties, for Miller's Crossroads
Subdivision 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 October, 2003.
Ann J. Blair, City Clerk
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AGENDA ITEM 7Aiii
STAFF ORIGINATOR: James E. Studenski, City Engineer
COUNCIL MEETING DATE: October 13, 2003
TOPIC: Resolution No. 03 - 173, Approving Development Agreement for Grading,
Miller's Crossroads
Vote Required: Simple Majority
BACKGROUND:
The City Council approved the preliminary plat of Miller's Crossroads on September 22,
2003. Bruggeman Properties, the Developer, is now requesting approval to begin
grading for the Miller's Crossroads Development. Miller's Crossroads Subdivision
consists of 152 units of residential development and a commercial lot.
In accordance with the preliminary plat approval and City policy staff has prepared a
Development Agreement for Grading. The agreement provides for the following:
• 1. Submittal by the developer of a Letter of Credit in the amount of $472,500.00
representing 150 percent of the development improvement costs to insure
completion of the project in accordance with the approved plans.
2. Deposit of a cash escrow in the amount of $51,000.00 to reimburse the City for
costs incurred by the City related to the development and improvements of the
site and developer improvements.
Bruggeman Properties has reviewed the contract and is aware of the conditions set
forth.
OPTIONS:
1. Return to staff for further review.
2. Adopt Resolution Number 03 - 173, Approving Development Agreement for Grading,
Miller's Crossroads.
3. Not adopt Resolution Number 03 — 173.
RECOMMENDATION:
Option No. 2 - Staff recommends that Resolution Number 03 - 173 be adopted.
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