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MEMO To: Clerk -Administrator and City Council <br />FROM: Director of Public Works/Community Development//,. <br />0 <br />DATE: May 28, 1986 <br />SUBJECT: DEVELOPMENT AGREEMENT NO. 86-64, RONALD RICHARDSON <br />SELF -SERVE CAR WASH ON HIGHWAY 10 <br />Attached please find the following: <br />1. Development Agreement No. 86-64. <br />2. Irrevocable Letter of Credit No. 175 from Roseville <br />Bank dated May 16, 1986. <br />Attorney Dick Meyers has reviewed this development agreement and <br />recommends approval. <br />j WTl/Vac <br />