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City Council – Staff Report <br />Page 2 <br /> <br />The future financial impacts include maintenance of sanitary sewer mains, watermains and other <br />public infrastructure, and other public financial responsibilities typically associated with a new <br />development. The City will collect any necessary building permit fees, Sewer and Water <br />Availability and Connection Charges and property taxes at the time of building permit application. <br />OPTIONS: <br /> <br />The City Council is being asked to consider the approval of the developer’s agreement and has the <br />following options: <br />1) Adopt Resolution 2024-092 approving the developer agreement for Bridgewater Village; <br />Or, <br />2) Direct Staff to amend the draft developer agreement to bring back to a future City Council <br />meeting. <br /> <br />RECOMMENDATION: <br /> <br />Staff recommends the City Council approve this item adopting Resolution 2024-092 on its consent <br />agenda, or by approving the developer’s agreement for Bridgewater Village with the following <br />motion: <br />“Move to adopt Resolution 2024-092 approving the developer’s agreement for Bridgewater <br />Village” <br />ATTACHMENTS: <br />• Resolution 2024-092 <br />• Bridgewater Village - Development Agreement