Agenda - Council - 01/09/2018 - Laserfiche WebLink

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CC Regular Session Meeting Date: 01/09/2018 Submitted For: Patrick Brama, Administrative Services By: Patrick Brama, Administrative Services 4. 9. Information Title Approve Greenway Terrace Right of Entry Agreement Purpose/Background: PURPOSE Approve the attached right -of -entry agreement. During construction of the proposed apartment complex, located on Lot 1 Block 1 Greenway Terrace, Aeon's general contractor will need access to the adjoining city -owned property for temporary construction staging and access (Outlot A, Greenway Terrace). This temporary agreement will allow for orderly and efficient construction of the proposed project. This is a common request for construction projects. Staff considers this an administrative request --and has reviewed this agreement with the City Attorney. BACKGROUND On November 29, 2017, the city closed on the sale of a roughly 88,000 sf parcel of city -owned land to Aeon. The City began working on this project in March of 2016 (site selection) and entered into a purchase agreement in May of 2016. This project is located in The COR, just north of The Draw, and includes a 54-unit workforce apartment complex. The City sold its property for $183,000. This project is anticipated for completion by the end of 2018. Staff would note, Aeon has a separate second PA in place with the City, for a 59,000 sf property located directly adjacent to, and contiguous with, the 54-unit apartment project mentioned above. Aeon is hopeful to begin working on this second site soon. Closing on the second site is planned for fall of 2018. The proposed right -of -entry agreement would be located on the "phase II" parcel. Notification: NA Observations/Alternatives: NA Funding Source: NA Recommendation: NA Action: Motion to approve: The attached right -of -entry agreement, for the Greenway Terrace Apartment Complex construction project.