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Staff agrees that is sufficient and the Planning Commission and staff recommend <br />approval of Mr. Sharp's request. <br /> <br />Motion by Councilmember Beyer and seconded by Councilmember Zimmerman to <br />approve the proposed site plan, as modified, for Sharp and Associates and Building <br />Fasteners in AEC Energy Park 3rd Addition, contingent upon compliance with the City <br />Staff Review Letter dated July 28, 1998. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Beyer and Zimmerman. <br />Voting No: None. Absent: Councilmembers Beahen and Haas Steffen. <br /> <br />Case/44: <br /> <br />Request for authorization for Execution of a Development Agreement <br />with Building Fasteners <br /> <br />City Administrator Norman presented an excerpt from a proposed development <br />agreement with Building Fasteners, which will be located in Development District No. 1 <br />and Tax Increment Financing District No. 6. He explained that Building Fasteners is a <br />manufacturer of building fastener materials such as bolts, screws, threaded devices, cable, <br />and electrical hardware. The market value of their approximate 31,000 square foot <br />facility, is estimated at $1,225,000. It is anticipated that the project will generate <br />approximately $45,000 per year toward a TIF District which will be used to pay for the <br />improvement costs. The TIF District is scheduled to be completed in the year 2006. <br /> <br />Motion by Councilmember Beyer and seconded by Councilmember Zimmerman to <br />authorize execution of the development agreement with Building Fasteners, contingent <br />upon approval by the City Attorney. <br /> <br />Motion carded. Voting Yes: Mayor Gamec, Councilmembers Beyer and Zimmerman. <br />Voting No: None. Absent: Councilmembers Beahen and Zimmerman. <br /> <br />Case#5: Adopt Ordinance to Vacate Easements; Case of Oakwood Land <br /> Development and U.S. Home Corporation <br /> <br />Zoning Administrator Frolik reminded Council that they had introduced an ordinance, on <br />July 28, 1998, to vacate underlying drainage and utility easements in the plat of Apple <br />Ridge. These underlying easements were the standard drainage and utility easements <br />around the perimeter of Lot 2, Block 1, J.P.J.V. Addition. That parcel was incorporated <br />into the plat of Apple Ridge and the standard drainage and utility easements have been <br />provided around the perimeter of the new lot configurations. <br /> <br />Motion by Councilmember Beyer and seconded by Councilmember Zimmerman to adopt <br />Ordinance #98-09 to vacate all drainage and utility easements on Lot 2, Block 1, J.P.J.V. <br />Addition. <br /> <br />A roll call vote was called by the Deputy City Clerk. <br /> <br /> City Council/August 11, 1998 <br /> Page 7 of 15 <br /> <br /> <br />