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CCP 03-17-2003
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CCP 03-17-2003
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<br />, <br /> <br />Memo to Mayor and Council <br />March 13, 2003 <br />Page 2 of2 <br /> <br />. <br /> <br /> Allocation Alternatives <br />Guidant Portion (50%) City Portion (50%) Total <br />$289,769 $289,769 *579,538 <br />Guidant Portion (25%) City Portion (75%) Total <br />$144,885 $434,654 *579,538 <br /> <br />In anyofthe above scenarios, the City could utilize funds for infrastructure improvements in the <br />area or as it sees fit. <br /> <br />PUD Permit and Development Agreement <br /> <br />At the April 14th, 2003 Council meeting, the Council will be considering the following items <br />relative to Gnidant <br /> <br />I. Final Plat of the Property <br />2. Vacation ofEasemeJ1t and Property for Femwood Avenue <br />3. POO Permit and Development Agreement <br /> <br />. <br /> <br />In effect, the POO I>ermit and Development will serve as the contractual document to govern <br />Guidant's campus development. More specifically, the agreement outlines the nature, timing, <br />and security for future public improvements; satisfaction ofthe park dedication fee; and clarifies <br />certain facets of the Master Plan PUD approval, <br /> <br />With the exception of Exhibit D, the Cummings Park Drive road improvement, the Council has <br />seen all of the other exhibits. At this point, staff is looking to identifY any language in the <br />agreement that is inconsistent with previous Council decisions/direction. <br /> <br />Reo nested Action <br /> <br />Provided for discussion purposes <br /> <br />. <br />
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