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2022-02-23 WS & CC Packet
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2022-02-23 WS & CC Packet
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5/19/2022 12:51:02 PM
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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Centerviffe <br />Agenda Item # <br />Department: <br />Requested Council Meeting Date: <br />VILE <br />Legal <br />February 23, 2022 <br />TITLE OF ISSUE: <br />Escrow Agreement with Kwik Trip. <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />Given the complexity of constructing a commercial project like this gas station, this type of agreement fills a <br />gap between a full-blown development agreement and construction projects which only require a building <br />permit. This is a contract with Kwik Trip allowing the City to 1) hold money in escrow to pay for development <br />costs; and, 2) governs the construction of a turn lane on Main Street. <br />COST AND SOURCE(S) OF FUNDING: <br />Paid by the property owner. <br />REQUESTED COUNCIL ACTION: <br />Motion to approve the Escrow Agreement with Kwik Trip. <br />For Clerk's Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: <br />Resolution Ordinance Contract Minutes Plan Map <br />Second By: <br />Vote Record: Ave Nay <br />Love <br />Koski <br />Lakso <br />Other (specify) Escrow Agreement <br />King <br />Mosher <br />Administration Department Use: <br />Refer to: <br />Consent <br />Tabled Until: <br />Regular <br />Other: <br />
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