HomeMy WebLinkAboutAgenda Report - December 21, 1988 (98)� o
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PUBLIC WORKS DEPARTMENT
TO: City Council
FROM: C i ty Manager
MEETING DATE: December 21, 1988
COU. CSL COIM1NlUNICATION
AGENDA, 'TITLE: Approve Develot;ment Agreement Addendum for 1211 East Vine
Street, including a Special Allocation for 51,200 to Cover
Unbudgeted Funds Required, and Authorize the City Manager and
City Clerk to Execute the Addendum
RECOMMENDED ACTION: That the City Council approve the Development
Agreement Addendum for 1211 East Vine Street, including a special allocation
for $1,200 to cover unbudgeted funds required, and authorize the City Manager
and City Clerk to execute the agreement addendum on behalf of the City.
BACKGROUND INFORMATION: MCF Investments has signed an agreement, with the
City for the development of the property at 1211 East Vine Street. This
Development Agreement Addendum covers the installation of a 30" storm drain
line i n Vine Street, which i s the City's responsibility. it is i n the City's
best. interest to have the developer's contractor complete this work at the
time the development improvements are installed.
The total amount of the addendum i s $22,200; 521,000 was budgeted for this
project in the 1988/89 Capital iniprovement Program. The $1,200 special
allocation is to cover the difference between the budgeted amount and the
actual work,—)These dollars will come from the 123 Master Drain Fund.
YcL.Ronsko
�orks Director
JLR/SB/jmr
APPROVED:
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FILE NO.
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CAD/AGMT/TXTW.OIJ December 13, 1988