Minutes - Council - 08/02/2011 - Special

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CITY. deposited with the CITY at the time of execution of this C ntract. Upon completion of Stage I Improvements (including the removal of "temporary" erosion control measures as identified in the approved Grading Plan) and final inspection and acceptance by the CITY, supported by appropriate lien waivers, any surplus remaining balance on the letter of credit or in the CITY's escrow account shall be promptly refunded to the PERMITTEE. For the purposes of this Contract, all Stage I Improvements listed are considered private with the exception of (b) street upgrades and repairs. It's worth noting that since the street improvements will be on CR 27, an Anoka County right -of -way permit will be required. If sufficient documentation from Anoka County stating that additional security on the part of the City is not required related to the turn lane, the financial surety for the public improvements could potentially be reevaluated or waived with Council authorization. Recommendation: Staff recommends approving a resolution to amend Paragraph E of the Cross of Hope Development Contract. Funding Source: All costs associated with the processing of this request are the responsibility of the applicant. Council Action: Motion to approv a resolution to amend the Development Contract with Cross of Hope, subject to the approval of the City Attorney. Site Location Map Proposed Amended Development Contract Proposed Resolution to Amend Development Contract Attachments Form Review Inbox Reviewed By Date Tim Gladhill Tim Gladhill 07/29/2011 01:56 PM Kurt Ulrich Kurt Ulrich 07/29/2011 02:30 PM Form Started By: Chris Anderson Started On: 07/29/2011 11:55 AM Final Approval Date: 07/29/2011