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OPTIONS: Release the remaining security amount for Easton Village 4th Addition in accordance with <br />Development Agreement or Do not approve the release and retain the current security amount. <br /> <br />RECOMMENDATION: Staff is recommending that the City Council, as part of the Consent Agenda, <br />approve the release of public improvement warranty security for Easton Village 4th Addition. The release <br />of security is contingent on the developer being current with all payments and obligations in accordance <br />with the Development Agreement, including a positive escrow balance as may be required by the City. If <br />removed from the consent agenda, the recommended motion for the action is as follows: <br /> <br />Motion to approve the release of the warranty security for Easton Village 4th Addition as detailed in <br />the Security Reduction Worksheet, contingent on the developer being current with all payments and <br />obligations in accordance with the Development Agreement, including a positive escrow balance as <br />may be required by the City. <br /> <br /> <br />ATTACHMENTS: <br /> <br />1. Security Reduction Worksheet – Easton Village 4th Addition.