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5. 17. <br />CC Regular Session <br />Meeting Date: <br />Primary Strategic Plan Initiative: <br />09/26/2023 <br />Promote economic growth and development. <br />Information <br />Title <br />Adopt Resolution #23-222 approving a development agreement for Nolby BC LLC (dba Jam Hops). <br />Purpose/Background: <br />On September 12, the City Council approved the site plan review for the Jam Hops gymnastics training facility <br />project at 14200 Limonite St. NW. The requested action is to approve the development agreement for the <br />approved plans. This is the last step of Council actions before the business can close on the property and apply <br />for building permits to construct the building. <br />The development agreement is standard in its form with one thing of note: the City will be sharing in the cost of <br />reconstructing Limonite Street to an urban roadway design. City costs of the roadway improvements will come <br />from the sale proceeds of the land. <br />Notification: <br />None required. <br />Observations/Alternatives: <br />Alternatives to consider: <br />1. Approve the development agreement as proposed. <br />2. Approve the development agreement with any changes the Council sees appropriate. <br />3. Deny the development agreement based on certain findings. <br />Funding Source: <br />The City's share of the roadway and utility improvements will come from the sale proceeds of the property. <br />Recommendation: <br />Staff recommends approval of the development agreement. <br />Action: <br />Motion to adopt Resolution #23-222 approving the development agreement for Nolby BC LLC (dba Jam Hops). <br />Attachments <br />Action - Resolution #23-222 <br />Development Agreement <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 09/21/2023 10:53 AM <br />Form Started By: Todd Larson Started On: 09/14/2023 10:05 AM <br />Final Approval Date: 09/21/2023 <br />