#06 - Northstar 2nd Addn DA - Laserfiche WebLink

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STAFF REPORT DATE: April 1st, 2025 CONSENT TO: Mayor and Councilmembers FROM: Sophia Jensen, Senior City Planner AGENDA ITEM: Approve Development Agreement for North Star 2nd Addition CORE STRATEGIES: ☐ Vibrant, inclusive, connected community ☐ Efficient, reliable, innovative services ☐ Responsive, transparent, adaptive governance ☐ Balanced Finances now and future ☒ Managed Growth ☐ Resilient Infrastructure BACKGROUND: On February 4th, 2025, the City Council adopted Resolution 2025-14 approving the Final Plat and Final PUD for North Star 2nd Addition. An executed developer’s agreement is a condition of final plat approval and is required prior to recording the final plat with Washington County. ISSUE BEFORE COUNCIL: The City Council is being asked to approve the development agreement for North Star 2nd Addition REVIEW/ANALYSIS: A condition of approval of the North Star 2nd Addition Final Plat is that the developer enter into a Developer’s Agreement prior to the execution of the plat by City officials. The key aspects of the agreement include the following components: • That all public improvements to be completed by October 31, 2026. • That the developer provide a letter of credit in the amount to be determined once all construction costs are reviewed related to the cost of the proposed improvements. Staff is asking in the resolution for authority to add or modify that completed Exhibit C once it is available. • That the developer provide a cash deposit for engineering administration escrow, AUAR area fee, WAC and SACs and other related fees. The construction plans are still being reviewed by the City Engineer so the resolution also asks for staff authority to add that Exhibit to the agreement before recording. Upon execution of this Agreement, receipt of all fees and securities, recording of the final plat and the completion of a Preconstruction meeting with the City, construction can commence.