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Our Mission: To wok together to respcsibty grow Our community, and to provide quality, cest,effective, and efficient government services. <br />CC Regular Session 4. 11. <br />Meeting Date: 06/12/2018 <br />By: Tim Gladhill, Community Development <br />Information <br />Title: <br />Adopt Resolution #18-108 Approving Development Agreement for Affinity at Ramsey; Case of Inland Group <br />Purpose/Background: <br />The purpose of this case is to consider a Development Agreement for the Affinity at Ramsey project. This was a <br />contingency of site plan approval, and is a standard component of any development project. The Development <br />Agreement sets in writing the conditions in which the City is approving a development project, including <br />Development Fees, Financial Securities, and ensures the timely completion of required improvements. <br />Notification: <br />Notification is not required for this step. <br />Observations/Alternatives: <br />Specific provisions of the Development Agreement are included in the attached document. <br />Funding Source: <br />The Applicant is responsible for all costs associated with processing the Development Agreement. <br />?The overall project involves the sale of City -Owned property and includes a Tax Increment Financing Agreement <br />related to funding of the required public infrastructure (roads, utilities, etc.). <br />Recommendation: <br />Staff recommends approval of the Development Agreement. <br />Action: <br />Motion to adopt Resolution #18-108 approving the Development Agreement for Affinity of Ramsey. <br />Draft Development Agreement <br />Resolution #18-108 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 06/07/2018 03:52 PM <br />Form Started By: Tim Gladhill Started On: 06/06/2018 08:26 PM <br />