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City Council – Staff Report <br />Page 2 <br /> <br />The construction plans are still being reviewed by the City Engineer so the resolution also asks for <br />staff authority to add that Exhibit to the agreement before recording. Upon execution of this <br />Agreement, receipt of all fees and securities, recording of the final plat and the completion of a <br />Preconstruction meeting with the City, construction can commence. <br />FISCAL IMPACT: The future financial impacts include maintenance of sanitary sewer mains, watermains and other <br />public infrastructure, maintenance of storm water ponding areas (after warranty period), and other <br />public financial responsibilities typically associated with a new development. The City will collect <br />any necessary building permit fees, Sewer Accessibility Charges and Water Accessibility Charges <br />and property taxes at the time of building permit application. <br />OPTIONS: The City Council is being asked to consider the approval of the developer’s agreement and has the following options: <br />1) Adopt Resolution 2023-012 approving the developer agreement for Royal Golf Club 5th <br />Addition; or <br />2) Direct Staff to amend the draft developer agreement to bring back to a future City Council meeting. RECOMMENDATION: Staff recommends the City Council adopt Resolution 2023-012 approving the developer’s <br />agreement for Royal Golf Club 5th Addition with the following motion: <br />“Move to adopt Resolution 2023-012 approving the developer’s agreement for Royal Golf Club <br />5th Addition” <br />ATTACHMENTS: <br />• Resolution 2023-012 <br />• Royal Golf Club 5th Addition Development Agreement