February 21, 2006 CCP - Laserfiche WebLink

Home Browse Search

Lake Elmo Agenda Section: Planning, band Use and Zoning No. 9A City Council February 21, 2006 A ends Item: Amended Development Agreement — Sanctuary of Lake Elmo Background Information for February 21, 2006: The Final Plat and Development Agreement for the Sanctuary project was originally approved by the City Council on December 6, 2005. Since that action, an issue regarding the design of the Manning/Highway 36 intersection has been raised by both MnDOT and Washington County that could result in a much more elaborate and costly improvement that first assumed. The City Engineer has estimated the cost if those improvements to be $150,000. The Council will be requested to approve preparation by the City Engineer of a Feasibility Study regarding the improvements in coming weeks. That work will address the scale of work, the cost of work, staging, and financial options. A decision by the City as to whether to construct those improvements — or the standard City street section — will be based on that Feasibility Study. The City Attorney has prepared a new Paragraph 4.12 for the Sanctuary Development Agreement that establishes an escrow requirement for the developer for what we now assume to be 50% of the enhanced street section costs should the City decide to proceed with that enhanced street section in 2006 as a City project. The northerly 700 feet (approximately) of Manning as it approaches Highway 36 will continue with the simple one lift asphalt mat that the developer has already installed until that decision is rendered by the City Council. Since this enhanced Manning improvement would be a City project if it proceeds, the City Attorney has advised that the new Paragraph 4.12 must be approved in an amendment Contract by the City Council. We have also updated all of the improvement costs, security requirements, and Administrative Fee to reflect the developers actual improvement costs for that work already completed. A slightly higher Administrative Fee to the City, but a slightly lower Engineering Inspection Fee (based on actual TKDA invoices to the City) results. There have been no other modifications of consequence to the Agreement from the version approved on December 6. Person responsible: Action items: Oaf re Motion to adopt Resolution #2006 — approving an amended C.ty i` Development Agreement for the Sanctuary of Lake Elmo. Attachments: O�-:;) Time Allocated: 1. Draft Resolution #2006 — Approving Amended Development Agreement 2. Amended Development Agreement