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City <br />Outlot C, Alpha Development + <br />Municipal Contribution to Collector Road <br />$254,960 <br />33.55% <br />Capstone/Riverstone <br />Outlot H, Riverstone <br />$283 015 <br />o <br />37.24 /o <br />Total Project Cost minus Trunk Utilities <br />$760,000 <br />100% <br />Recommendation: <br />The Public Works Committee recommends that the City Council approve the Preliminary Cost Share Framework <br />for Improvement Project #20-04: Development Initiated Puma Street Extension Project. <br />Additionally, the Public Works Committee inquired if the two Developers would agree to pay for their share of the <br />project costs up front rather than being assessed. Capstone has responded that they prefer to be assessed, but would <br />further evaluate once final numbers are available. Paxmar has responded that they would not support an up front <br />payment regardless of the amount. With that in mind, the assessment process will be required in order to move this <br />project forward as presented. <br />Action: <br />Motion to adopt Resolution #20-039 approving the Preliminary Cost Share Framework for Improvement Project <br />#20-04: Development Initiated Puma Street Extension Project. <br />Attachments <br />Riverstone Addition Preliminary Plat Plans <br />Concept Plan North Fork <br />Puma Street Project Background <br />Proposed Funding Plan <br />DRAFT Work Session Minutes dated February 11, 2020 <br />Paxmar/AKM Farm Response <br />DRAFT Public Works Committee Minutes dated February 18, 2020 <br />Resolution #20-039 <br />Form Review <br />Inbox Reviewed By Date <br />Bruce Westby Bruce Westby 02/20/2020 09:44 AM <br />Grant Riemer Grant Riemer 02/20/2020 10:13 AM <br />Kurt Ulrich Kurt Ulrich 02/20/2020 03:23 PM <br />Form Started By: Tim Gladhill Started On: 02/18/2020 08:21 AM <br />Final Approval Date: 02/20/2020 <br />