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5. 14. <br />CC Regular Session <br />Meeting Date: <br />01 /09/2024 <br />Primary Strategic Plan Initiative: Promote economic growth and development. <br />Information <br />Title <br />Adopt Resolution #24-009 Declaring Development Agreement for Ramsey Storage Center Satisfied and <br />Authorizing Release from Property <br />Purpose/Background: <br />The new Lil Explorers Day Care has completed construction. As part of the anticipated property transfer, it was <br />noted that the development agreement from the l�at of Ramsey Storage Center was listed on the property title. <br />All the items from the recorded 2019 development agreement have been satisfied and the plat development <br />agreement can be released by adopting the attached resolution. The more pertinent development agreement for <br />the Lil Explorers building and site improvements remains on the property and in effect until its release is requested. <br />Notification: <br />None required. <br />Observations/Alternatives: <br />Alternatives to Consider: <br />1. Adopt the resolution as presented. <br />2. Adopt the resolution with any modifications the Council sees appropriate. <br />3. Deny the resolution based on certain findings. <br />Funding Source: <br />All costs associated with this work are the responsibility of the developer. <br />Recommendation: <br />Staff recommends approval of Resolution #24-009. <br />Action: <br />Motion to adopt Resolution #23-009 Declaring Development Agreement for "Ramsey Storage Center" Satisfied <br />and Authorizing Release from Property. <br />Attachments <br />Resolution #24-009 <br />Plat Development Agreement <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 01/04/2024 10:12 AM <br />Form Started By: Todd Larson Started On: 12/15/2023 03:00 PM <br />Final Approval Date: 01 /04/2024 <br />