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the creation of more commercial tax base, existing business expansions and the creation of more jobs locally. <br />Alternatives Include: <br />1) Adoption of Resolution 21-225 as presented which would authorize the City to execute the Release and <br />Termination Declaration of Covenants, Conditions and Restriction for AEC Energy Park; subject to City Attorney <br />review. (Staff recommendation) <br />2) Adoption of Resolution 21-225 with changes which would authorize the City to execute the Release and <br />Termination Declaration of Covenants, Conditions and Restriction for AEC Energy Park; subject to City Attorney <br />review. <br />3) Something else. <br />Funding Source: <br />This action is being covered under normal staff duties. <br />Recommendation: <br />Proposed Action to Release and Termination Declaration of Covenants, Conditions and Restriction for AEC <br />Energy Park <br />Staff recommends adoption of Resolution 21-225 as presented which would authorize the City to execute the <br />Release and Termination Declaration of Covenants, Conditions and Restriction for AEC Energy Park and existing <br />Development Agreement; subject to City Attorney review. <br />Action: <br />Motion to approve Resolution #21-225 Approving Development Agreement and Releasing Declaration of <br />Covenants for AEC Energy Park and Development Agreement; Case of Anderson Dahlen; subject to City Attorney <br />review. <br />Attachments <br />Site Location Map <br />ACTION - Draft Development Agreement <br />ACTION - Draft Release of Covenants Covenants and Restrictions <br />Reference -Document 1206475 - Declaration of Covenants Conditions and Restrictions for AEC Energy Park <br />Reference - Existing Development Agreement (Proposed Release) <br />ACTION Resolution #21-225 <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 08/05/2021 02:43 PM <br />Form Started By: Chloe McGuire Brigl Started On: 07/30/2021 09:31 AM <br />Final Approval Date: 08/05/2021 <br />