Minutes - Council - 05/12/2015 - Laserfiche WebLink

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Adopt Resolution #15-05-118 Approving the Final Plat for Ridgepoint, contingent upon approval of IP #15-21 and the Developer entering into a Development Agreement and an Assessment Agreement with the City. Further discussion: Councilmember Riley asked if the Assessment Agreement does not happen, would the Plat not be approved. Community Development Director Gladhill stated if the Council is not comfortable with the Assessment Agreement, staff would take a step back and work with the developer who would have to find a contractor to construct those improvements. Councilmember Riley stated it seems odd to consider that contingency as the Council has not seen or discussed the Assessment Agreement. Mayor Strommen stated the motion indicates the Council has no issues with this Preliminary Plat and will take up the issue of the Assessment Agreement at a future point. Community Development Director Gladhill stated if the Preliminary Plat is approved, then staff will work on the Assessment Agreement. He noted without that contingency, the Plat could be recorded and buildable lots created without the decision made on the assessment. City Administrator Ulrich stated another option is to approve the Plat contingent upon entering into the Development Agreement that will include the mechanism for financing the improvements to the property, which could either be an Assessment Agreement or privately funded. Councilmembers Shryock and Johns accepted a friendly amendment to approve the final plat contingent upon entering into a Development Agreement, which shall specify the financing and construction of the required improvements. Amended motion carried. Voting Yes: Mayor Strommen, Councilmembers Shryock, Johns, Kuzma, LeTourneau, Riley, and Williams. Voting No: None. 7.07: Adopt Resolution #15-05-111 Approving Plans and Specifications and Authorizing Advertisement for Bids for Ridgepoint Residential Development Public Improvements, Improvement Project #15-21 City Engineer Westby reviewed the staff report and recommendation to approve final plans and specifications and authorize advertisement for bids for Improvement Project #15-21, public improvements that support the Ridgepoint seven unit single-family residential development, if the Council is comfortable with funding the proposed public improvements and being reimbursed by Village Bank through the collection of special assessments over a three-year period. Councilmember Riley stated his concern is that it has not yet been discussed by the Council whether it wants to provide financing for a private enterprise to make a profit. He noted the requestor is a bank and questioned why the Council would consider going out for bid at this time, which he felt was premature. Mayor Strommen stated that while she agrees this should be two separate Cases and the information on the second Case has not yet been provided, she wanted this item to remain on the agenda so the Council could hold that discussion. City Council / May 12, 2015 Page 11 of 13