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<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 the Northport 3rd Addition as detailed in <br />the attached worksheet. The release of security is contingent on the developer being current with all <br />payments and obligations in accordance with the Development Agreement, including a positive escrow <br />balance as required by the City. If removed from the consent agenda, the recommended motion for the <br />action is as follows: <br /> <br />Motion to approve the security release for the Northport 3rd Addition as detailed in the Security <br />Reduction Worksheet, contingent on the developer being current with all payments and obligations <br />in accordance with the Development Agreement, including a positive escrow balance as required by <br />the City. <br /> <br /> <br />ATTACHMENTS: <br /> <br />1. Security Reduction Worksheet – Northport 3rd Addition.