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<br /> CITY OF ARDEN HILLS <br /> - MEMORANDUM <br /> DATE: August 18, 1997 <br /> TO: Mayor and City Council <br /> FROM: Kevin Ringwald, Community Development Director If- <br /> SUBJECT: Developmcnt Agreement (draft), GBD Phase II, III, and IV <br /> Attached to this memorandum the City Council will find the draft of Development Agreement <br /> between the City and Welsh Companies for Phases II, III, and IV of the Gateway Business <br /> District (Exhibit A). <br /> The basic concepts which were part of the first draft reviewed by the City Council at its Monday, <br /> July 21, 1997 worksession have been maintained. Most of the modifications which are included <br /> into this document provide for further clarifications between the two parties. The Staff is hopeful <br /> that a third draft will be available at the meeting (August 18, 1997) which fills in most of the <br /> blanks in this draft. Attorney Bob Deike and Financial Consultant Mark Ruff will be attendance <br /> to provide a summary of the agreement and to answer City Council questions. <br /> - <br />- <br />- <br />I <br />I <br />I <br />I <br />I <br />.. <br />I <br /> - <br />