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Lake Elmo City Council Minutes November 21, 2000 2000. The applicant has submitted a Final Plat/Plan and Final Landscape Plan, both of which are consistent with approved preliminary Plat and Plan, including the two conditions of approval, and, the standards of Section 300 and Section 400 of the City Code. The staff and City Attorney have prepared a draft Development Agreement. M/S/P DeLapp/Siedow — to adopt Resolution No. 2000-058 approving the Final Plat and OP Final Plan and Development Agreement of Cardinal Ridge. (Motion passed 3-0.) Trucks going through Parkview Estates: Planner Dillerud responded it's a public street, but it would be nice if the developer would alert their truck drivers to stay out of Parkview Estates when working on Cardinal Ridge. Tim Weiner, developer and builder, stated it is their intent to steer people away from Parkiew. C. Cardinal Ridge — Escrow Reduction Tom Prew reported the developer has completed most of the grading and storm sewer work. Some of the gravel for the street is in place. Prew recommended and certified that $167,151 of the work remains, requiring an initial Letter of Credit for Cardinal Ridge in the amount of $208,938.75. M/S/P Siedow/DeLapp - to reduce the escrow requirements for Cardinal Ridge from $398,586.25 to $208,938.75, as certified by the City Engineer. (Motion passed 3-0.) D. Tana Ridge — Escrow Reduction Tom Prew recommended reduction of the Tana Ridge escrow from $53,125 to $8,000. M/S/P Siedow/DeLapp - to reduce escrow amount for Tana Ridge from $53,125 to $8,000 based on the certification and recommendation of the City Engineer. (Motion passed 3-0.) 10. CITY ATTORNEY'S REPORT: NONE 11. CITY COUNCIL REPORTS: Mayor Hunt: The Highway 36 Study Committee will meet November 22"d, 9-11 and members will be attending the December 19°i council meeting with an updated report. 0