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CASE 812: <br /> <br />5 min. <br /> <br />RB~UEST ~0 AU3~GRIZE EXECUTION OF DEVELO~ <br /> ~~~ WI~]~ ~ & S DEVELOP~.NT <br /> Anne Norris, Co~unity Develol~ent Director <br /> <br />Background <br /> <br />As you recall, on October 15, 1985, the City Council approved a <br />request by by Mr. Ben McLaughlin of M & S Development for site <br />improve~ents for the (~urchill Estates aperb, ent project in the Oxbow <br />Addition. The site improvements included grading, landscaping, <br />ponding required by the DNR, and fencing around the site, not to <br />exceed $80,000. These site improvements were to be paid for with <br />increment generated from the tax increment district. Approval of <br />these site improvements was contingent upon Mr. McLaughlin entering <br />into a development agreement with the City. <br /> <br />Exhibit "A" oontains the draft of the development agreement for your <br />review. ~e development agreement addresses City concerns such as <br />timing of the improvements, timing of construction of the entire <br />project, and requiring that the developer provide proof of financing <br />before the City starts work on any of the site improv~ents. <br /> <br />~mendation: <br /> <br />Council action will be to authorize the Mayor and City Administrator <br />to enter into the development agreement with Mr. Len McLaughlin. <br /> <br />Beview Checklist: <br /> <br />Attorney .~ Chief of Police <br />Engineer .~. Finance Di rector <br />A~inistrator _._ Public Works Dir <br />Co~unity Development Dir. .~. Other <br /> <br /> <br />