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CITY COUNCIL WORK SESSION <br />Topic Report: Trunk & Sewer Extension <br />Development Agreement <br />By: James E. Norman, City Administrator <br /> <br />Background: <br /> <br />Staff discussed a proposed development agreement with Oakwood Land Development <br />during a work session held on May 24, 2005. The proposed development agreement <br />would have Oakwood Land Development contribute $6 million toward the cost of a trunk <br />and sewer extension in order to bring about proposed development projects. <br /> <br />The City Council reviewed a draft of the proposed development agreement during the <br />work session in May and directed staff to provide better detail to the development <br />agreement and assure that the City is not required an interest payment for the <br />reimbursement. Staff received a new draft dated June 10, 2005, and would like an <br />opportunity to review the proposed draft language with the City Council. <br /> <br />Action Statement: <br /> <br />Direc! staff to bring a sewer and trunk development agreement with Oakwood Land <br />Development to a Council meeting for consideration. <br /> <br />Reviewed by: <br /> <br />City Administrator <br /> <br />CCWS: 07/12/05 <br /> <br /> <br />