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COMMUNITY <br /> DEVELOPMENT <br /> POTENTIAL MERMAID EXPANSION <br /> I will be meeting with Dan Hall of the Mermaid next week to discuss the potential <br /> expansion of their facility to include a hotel and meeting facility. In particular, <br /> discussion will center on the ability of the site to handle additional storm water runoff <br /> caused by the proposed expansion. Following our discussions, Dan, his engineer <br /> and I will be meeting with Kate Drewry of the Rice Creek Watershed District to review <br /> issues of concern to that agency. Based on the outcome of our meetings, I anticipate <br /> that formal application for City review of the project will occur sometime in late <br /> February, early March. <br /> SHERWOOD ESTATES DEVELOPMENT AGREEMENT <br /> Staff has completed the draft of the Sherwood Estates Development Agreement and <br /> anticipates formally presenting it to the City Council at the January 23, 1995 meeting. <br /> The City Attorney has already reviewed the document and found it to be in proper <br /> order. Following execution of the Agreement, Staff will require the developer to post <br /> 125% of the estimated construction costs in a bond for assurance that the project is <br /> completed according to approved plans. The anticipated date for construction to <br /> start on the project is April 1995. <br /> Paul <br />