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would exceed costs on this project in 1999. If thc project builds out slower than a single phase, <br />revenues and expenses would both be reduced. Thc break even point may change 'slightly' as <br />well. it shou)d be noted that thc first annual reimbursement (1996) will exceed annual projected <br />revenue in that year. All subsequent years will have thc opposite result. <br /> <br />Recommendation: <br /> <br />The Planning Commission and City Staff recommend site plan approval contingent upon <br />compliance with City Staffmview 1error. <br /> <br />Council Action: <br /> <br />Motion to: <br />Recommend that City Council approve/deny the proposed site plan for Dennis Sharp & <br />Associates for Lot 1, Block 1, Ramsey 67 Industrial Park contingent upon compliance with <br />the City Staff review letter dated June 30, 1994, entering into a Development Permit <br />ag-reemem with the City, as approved by the CiB, Attorney. <br /> <br />Review Checklist: <br /> <br />CC: <br /> <br />City Administrator <br />CiD, Engineer <br /> <br />7/26/94 <br /> <br /> <br />