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City Council – Staff Report <br />Page 2 <br />The construction plans are still being reviewed by the City Engineer so the resolution also asks for <br />staff authority to add that Exhibit to the agreement before recording. Upon execution of this <br />Agreement, receipt of all fees and securities, recording of the final plat and the completion of a <br />Preconstruction meeting with the City, construction can commence. <br />FISCAL IMPACT: <br />The future financial impacts include maintenance of sanitary sewer mains, watermains and other <br />public infrastructure, maintenance of storm water ponding areas (after warranty period), and other <br />public financial responsibilities typically associated with a new development. The City will collect <br />any necessary building permit fees, Sewer Accessibility Charges and Water Accessibility Charges <br />and property taxes at the time of building permit application. <br />OPTIONS: <br />The City Council is being asked to consider the approval of the developer’s agreement and has the <br />following options: <br />1) Approve the developer agreement for Inwood Townhomes 1st Addition; or <br />2)Direct Staff to amend the draft developer agreement to bring back to a future City Council <br />meeting. <br />RECOMMENDATION: <br />Staff recommends the City Council approve the development agreement as part of the consent <br />agenda. If removed from the consent agenda, staff recommends the following motion: <br />“Move to adopt Resolution 2025-068 approving the developer’s agreement for Inwood <br />Townhomes 1st Addition” <br />ATTACHMENTS: <br />Resolution 2025-068 <br />Inwood Townhomes 1st Addition Development Agreement