Agenda - Council - 08/08/2017 - Laserfiche WebLink

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Administrator/Economic Development Manager Brama explained that if the purchase agreement is extended they want to ensure that they receive credit towards the purchase agreement equal to the amount of the earnest money. He believed that was consistent with the City policy. City Attorney Langel confirmed that is consistent with the City's earnest money practice, noting that indicates that any earnest money is credited against the purchase price. He confirmed that if the closing does not occur the earnest money would be kept by the City. Asst. City Administrator/Economic Development Manager Brama stated that if the developer passes the inspection period and does not close on the property, the funds would be non-refundable. He stated that the only thing that would return the money to the developer would be if the City defaults. Councilmember Williams stated that she is not comfortable with the purchase price proposed and therefore will not support the motion. Mayor Strommen stated that she appreciates the efforts of the EDA and Councilmember Williams to push for a higher price. She stated that staff has done that and received an answer on the counter-offer and because the price is within the acceptable range she did not see that delaying action would change the outcome and would be supporting this action. Motion carried. Voting Yes: Mayor Strommen, Councilmembers LeTourneau, Shryock, Johns, and Kuzma. Voting No: Councilmembers Riley and Williams. 7.06: REVISED: Consider Adoption of Resolution #17-07-187 Approving Final Plat for COR Stonebrook Academy (Project #17-101); Case of Michael and Kristen Johnson Community Development Director Gladhill reviewed the staff report and recommendation of the Planning Commission to approve the Sire Plan contingent on further building design revisions in addition to those outlined in the Staff Review Letter. He noted that this contingency appears to have been met with the revised plans. Councilmember Kuzma stated that he likes the architecture on the building and believed that this will be a good addition to The COR. Motion by Councilmember Kuzma, seconded by Councilmember Johns, to Adopt Resolution #17-07-187 Granting Final Plat and Development Agreement Approval of COR Stone Brook Academy. Further discussion: Councilmember Williams asked why the cross -access easement is not shown on the plat. Community Development Director Gladhill stated that the County will not allow recording of easements on the plat and noted that will come forward with the Development Agreement and other separate documents that will be recorded in August. Motion carried. Voting Yes: Mayor Strommen, Councilmembers Kuzma, Johns, LeTourneau, Riley, Shryock, and Williams. Voting No: None. City Council / July 25, 2017 Page 10 of 17