Laserfiche WebLink
OPTIONS: Release the remaining security amount for Legacy at Northstar 3rd Addition or retain the <br />current security amount. <br />RECOMMENDATION: Staff are recommending that the City Council, as part of the Consent Agenda, <br />approve the release of public improvement warranty security for Legacy at Northstar 3rd Addition. The <br />release of security is contingent on the developer being current with all payments and obligations in <br />accordance with the Development Agreement, including a positive escrow balance as may be required by <br />the City. If removed from the consent agenda, the recommended motion for the action is as follows: <br />Motion to approve the release of the public improvement warranty security for Legacy at Northstar <br />3rd Addition as detailed in the Security Reduction Worksheet, contingent on the developer being <br />current with all payments and obligations in accordance with the Development Agreement, including <br />a positive escrow balance as may be required by the City. <br />ATTACHMENTS: <br />1.Security Reduction Worksheet – Legacy at Northstar 3rd Addition.