#12 - Bridgewater Village DA Amendment

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STAFF REPORT DATE: 12-17-2024 CONSENT TO: Mayor and City Council FROM: Nathan Fuerst, Consulting Planner, Bolton and Menk AGENDA ITEM: Bridgwater Village – First Amendment to the Development Agreement REVIEWED BY: Jason Stopa, Community Development Director Sophia Jensen, City Planner Jack Griffin, City Engineer Sarah Sonsalla, City Attorney BACKGROUND: The City has received a request by Bridgewater Bancshares, LLC., for a first amendment to the Development Agreement for Bridgewater Village. The development’s final plat was approved as revised in August 2024. The Development Agreement for Bridgewater was approved in September 2024. A notice to proceed with site improvements was issued to the Developer on October 31, 2024. This first amendment to the Development Agreement for Bridgewater Village is to allow issuance of a building permit for the Bridgewater Bank Lot (Lot 2, Block 2) with a temporary gravel access, and prior to completion of all grading for the lot and downstream drainage facilities. ISSUE BEFORE CITY COUNCIL: Should the City approve a first amendment to the Development Agreement for Bridgewater Village in order to allow the issuance of building permits with gravel access and prior to finishing grading improvements? PROPOSAL: Current Development Agreement. The current Development Agreement allows early issuance of one building permit prior to completion and acceptance of public improvements. The bank lot, Lot 2, Block 2, was the lot identified for early permit issuance. The City established four criteria in Section 25.B of the DA which must be completed prior to issuance of a building permit: 1. Adequate safe public access for emergency services and contractors, including a paved bituminous road to the building pad for any buildings which is sufficient to allow construction to proceed, which may include a temporary bituminous road from Stillwater Way depicted and shaded in gray in Exhibit C that is identified as the Emergency and Construction Access Road; 2. A grading as-built plan approved by the City for Lot 2, Block 2 to include the commercial buildings and all downstream drainage facilities; 3. All stormwater drainage facilities that include and are downstream from Lot 2, Block 2 are in place, meet the approved project plans, and are verified by the City; and 4. The Developer has installed adequate parking, and sanitary sewer and municipal water to Lot 2, Block 2.