Agenda Packets - 1999/06/14 - Laserfiche WebLink

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of Mounds View Staff Re Item Nol Staff Report No. Meeting Date: June 14, 1999 Type of Business: CB WK: Work Session; PH.- Public Hearing; CA: Consent Agenda; CB: Council Business Y: To: Honorable Mayor & City Council From: Rick Jopke, Community Development Director Item Title/Subject: Consideration of Resolution No. 5339 Accepting the Public Improvements at the Theater Project Date of Report: June 4, 1999 Background: The Development Agreement which the City entered into with Anthony Properties Management, Inc. and Louise O'Neil requires that the developer construct certain improvements including street, grading, drainage, landscaping, and other public improvements as part of the project. Section 2.09 of the agreement indicates that upon completion of the improvements, representatives of the City and the developer will make a final inspection of the work. The City has no obligation to accept the improvements if they are not consistent with the approved plans or not in compliance with all City ordinances and standards related thereto. Final approval and acceptance of the improvements shall be by a resolution duly adopted by the City Council. A draft Resolution No. 5339 accepting the public improvements is attached for City Council consideration. The City Council tabled action of the resolution on May 10, 1999 to allow for a number of incomplete items to be addressed by the developer. Discussion: The developer has completed all items with the exception of some minor landscape items. The City has a performance bond in the amount of $100,000 to ensure that these improvements are completed. The developer has also provided a check to the City in the amount of $187,500 to cover its share of the Highway 10 / Edgewood Dr. intersection improvement and signalization costs. Options: A. Approve the attached Resolution No. 5339. B. Approve the attached Resolution No. 5339 with amendments.