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#08 - Crossroads East 5th Amendment to the Development Agreement
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#08 - Crossroads East 5th Amendment to the Development Agreement
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8/15/2025 8:20:07 AM
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LA515\89\988411.v1 <br />allows a 75% security reduction when landscaping has been accepted into warranty and a 25% final <br />reduction when the landscaping has made it through the two year warranty period. <br /> <br />FISCAL IMPACT: <br />• None. <br /> <br />OPTIONS: <br />1) Approve the fifth amendment to the Development Agreement Amendment for Crossroads East. <br />2) Deny the fifth amendment to the Development Agreement Amendment for Crossroads East. <br />3) Change the proposed fifth amendment to the Development Agreement for Crossroads East. to <br />say something different than what is being proposed. <br /> <br />RECOMMENDATION: <br />Staff recommends that the City Council approve the proposed amendment. If removed from the Consent <br />Agenda, Staff recommends the following motion: <br /> <br />“Motion to approve Resolution 2025-009 approving the fifth amendment to the development agreement <br />for Crossroads East.” <br /> <br />ATTACHMENTS: <br />• Amendment Requests from the Developer <br />• Crossroads East Development Agreement (Original) <br />• Resolution 2025-009 Approving the Second Amendment to the Development Agreement
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