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HomeMy WebLinkAbout~Master - Developer's Agreement for Bloomington Road Expansion RESOLUTION NO. 08-277 RESOLUTION APPROVING DEVELOPER'S AGREEMENT FOR OFF-SITE IMPROVEMENTS RELATING TO BLOOMINGTON ROAD EXPANSION IN NORTHRIDGE HEIGHTS SUBDIVISION, 12TH ADDITION FOR THE CITY OF AMES WHEREAS,a request from Uthe Development Company,LLC,has been received to approve the Final Plat for Northridge Heights Subdivision, 12t''Addition; and, WHEREAS,the proposed subdivision is generally located north of Bloomington Road at the intersection with Stange Road; and, WHEREAS,acceptance of a developer's agreement,including a Letter of Credit to guarantee completion of required public improvements, is the typical way in which the City Council has allowed the approval of final plats for new subdivisions where the installation of streets and other infrastructure has not been completed prior to approval of that final plat; and, WHEREAS, the developer has been notified by staff of this option so that an agreement might be prepared and the associated financial security be provided to cover the estimated cost of off-site improvements, should the Council choose to allow deferral of improvements; and, WHEREAS, should the City Council allow deferral, staff recommends that the off-site improvements be completed prior to the issuance of a Certificate of Occupancy for any structure within the plat. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the Developer's Agreement with Uthe Development Company,LLC,for off-site improvements relating to Bloomington Road expansion in Northridge Heights Subdivision, 12t'Addition,is hereby approved,subj ect to a Letter of Credit being filed with the City as security for completion of said off- site improvements. ADOPTED THIS 24t' day of June, 2008. C�?. UjAj_& A. "V. �l�v Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Mahayni Seconded by: Doll Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 24t'day of June, 2008.