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55 <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> ialll. $hog <br /> Report Date: May 5, 2004 e.. <br /> Meeting Date: May 11 , 2004 Agenda Section: VI, B <br /> ITEM DESCRIPTION: <br /> Extension of Time Line for Phase II Development - <br /> Northwest Quadrant. <br /> MANAGER'S REVIEW: <br /> In the development agreement approved by the City-on December <br /> 16, 2003, the Developer was to enter into an agreement by May 31 , <br /> 2004, with the HRA to construct Phase II development. Because of <br /> the time spent putting Phase I project together, the developer is <br /> asking for an amendment to the developer agreement to give them <br /> until December 31 , 2004. Both the Council and H.R.A. need to <br /> approve. <br /> Stacie Kvilvang from Ehlers, will be present to explain this extension. <br /> Recommendation: <br /> Council Approval of Resolution 04-041 for extension of Time Line for <br /> Phase II of Northwest Quadrant Development. <br /> l <br /> Michael Mornson <br /> City Manager <br />