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STORMWATER/WETLAND <br /> Storm Water Capital Improvement Plan and Rate Study <br /> Much like the need for a Parks fund, a well thought out capital improvement plan and <br /> maintenance regimen is important in establishing a credible charge. Early in the new <br /> year, we will explore closing the loop on this issue. <br /> Local Water Plan <br /> A draft of the Local Water Plan will be presented by our consulting engineer at this <br /> meeting. We will not look to adopt the plan at this time, so that Council has a reasonable <br /> period to review the documents. After receiving comments from the City Council, we <br /> will revise the plan, prior to submittal to the Rice Creek Watershed District. The <br /> deadline for submittal is June of 2018. <br /> ECONOMIC DEVELOPMENT/PLANNING <br /> United Properties' 21st Ave. Distribution Center Developer's Agreement Fulfilment <br /> A Letter of Credit(LOC) has now been received, from United Properties for the overlay <br /> of Fairview Avenue. This means that United Properties has now fulfilled all of its <br /> obligations under the developer's agreement for 21st Avenue. <br /> Peltier Estates <br /> The developer and builder continue to negotiate with each other on the details of the <br /> developer's agreement and project costs. We are working with both to find economical <br /> solutions to help move the project forward. To date, the developer's agreement has not <br /> been signed, nor any securities posted. <br /> Ruffridge Johnson <br /> The sale of city owned property from the Commerce Drive Business Park to Ruffridge <br /> Johnson (RJ)Equipment Company appears to be moving forward. A meeting with RJ <br /> representatives, including owner, Jon Pederson, was held on January 10'to discuss the <br /> status of project approvals, permits and other logistics. On the City Council agenda are <br /> two items needed to keep the project on schedule: Rice Creek Watershed District <br /> Stormwater BMP Maintenance Agreement and a Conditional Use Permit. <br /> The current project timeline has a closing date on the sale of the property for April 3rd <br /> Due to the terms of some of the financing and tax incentive mechanisms being used, <br /> construction of the project will proceed quickly after the sale of the property, with <br /> completion in September of this year. <br /> SEWER AND WATER <br /> Lift Station 2 Rehabilitation <br /> Contracts have been drafted and sent to the contractor for execution. <br />