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5. 8. <br />CC Regular Session <br />Meeting Date: 07/25/2023 <br />Primary Strategic Plan Initiative: Not Applicable <br />Information <br />Title <br />Adopt Resolution #23-160 Approving the Development Agreement for Bunker Lake Industrial Park Fourth <br />Addition and BLIP Building 5 <br />Purpose/Background: <br />On July 11, 2023, the City Council approved the Final Plat and Site Plan for Bunker Lake Industrial Park Fourth <br />Addition and BLIP Building 5, which is being spearheaded by PSD, LLC (the "Applicant"). The project is <br />located south of Bunker Lake Boulevard and east of Puma Street (the "Subject Property"). The Engineer's <br />Estimate, needed to finalize the Development Agreement, was not available for that meeting and therefore, the <br />Development Agreement was not included in that approval. City Staff has received the Engineer's Estimate and <br />has finalized the Development Agreement (attached to the case), which is now ready for City Council approval. <br />Funding Source: <br />The Applicant is responsible for all costs associated with this request. <br />Recommendation: <br />Staff recommends approval of the Development Agreement. <br />Action: <br />Motion to adopt Resolution #23-160 approving the Development Agreement for Bunker Lake Industrial Park <br />Fourth Addition and BLIP Building 5. <br />Site Location Map <br />Final Plat <br />Site Plan <br />Development Agreement <br />Resolution #23-160: Development Agreement <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 07/20/2023 01:39 PM <br />Form Started By: Chris Anderson Started On: 07/14/2023 08:54 AM <br />Final Approval Date: 07/20/2023 <br />