HomeMy WebLinkAboutResolutions - No. 2008-74RESOLUTION NO. 2008-74
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING
THE IMPROVEMENTAGREEMENT ADDENDUM FOR PUBLIC
IMPROVEMENTSAT INTERLAKE SQUARE, TRACT NO. 3532
WHEREAS, the developer, Cluff LLC and CMT Construction, Inc., executed an
improvement agreement for the required public improvements for Interlake Square, Tract
No. 3532, on August 2, 2006, and, pursuant to the terms thereof, the developer had 365 days
from the date of the agreement execution to complete the public improvement. As a condition
of the improvement agreement, payment of Development Impact Mitigation Fees is required
prior to acceptance of the public improvements; and
WHEREAS, the public improvements are substantially complete; however, due to
financial constraints on the part of the developer, the Development Impact Mitigation Fees have
not yet been paid. The developer desires to comply with the requirements of the agreement
and staff is recommending a one-year extension for the completion of public improvements and
payment of fees as specified underthe terms of the original improvement agreement; and
WHEREAS, the addendum also specifies that the developer pay all the additional
costs of the document preparation ($566) and provide the necessary contract security and
insurancefor the terms of the original agreement; and
WHEREAS, the developer has executed the agreement and paid the additional fees,
and staff recommends that the City Council approve the Addendum to the Improvement
Agreement for the Public Improvementsfor Interlake Square, Tract No. 3532, and authorize the
City Manager to execute the agreement on behalf of the City of Lodi.
finds:
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi
1. That the Addendum to the Improvement Agreement for the Public Improvements
for Interlake Square, Tract No. 3532, is hereby approved, and further that the
City Manager is authorized to execute said Addendum on behalf of the City of
Lodi.
Dated: May 7, 2008
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hereby certify that Resolution No. 2008-74 was passed and adopted by the City Council of the
City of Lodi in a regular meeting held May 7, 2008, by the following vote:
AYES: COUNCIL MEMBERS - Hansen, Hitchcock, Johnson, Katzakian, and
Mayor Mounce
NOES: COUNCIL MEMBERS -None
ABSENT: COUNCIL MEMBERS - None
ABSTAIN: COUNCIL MEMBERS- None
ZA OHL
City Clerk
2008-74