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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />July 10, 2024 <br />Administration <br />IX.2.a <br />TITLE OF ISSUE: <br />Security Release or Reduction - Rehbein Commercial <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />Rehbein Commercial is the development of Michaud Way and the surrounding lots (including Kwik Trip and <br />Norbella Senior Living). All punch list items for the development have been addressed and the developer has <br />received a full release of their permit from the Rice Creek Watershed District (RCWD). A two-year warrant on <br />the project is set to expire on July 12, 2024. No warranty issues have been identified. <br />COST AND SOURCE(S) OF FUNDING: <br />Release in Development's Security. <br />REQUESTED COUNCIL ACTION: <br />Motion to approve a release of all securities for the Rehbein Commercial Development. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: Aye Nay <br />_____ <br />Other (specify) ____________ <br />__________ <br />___ <br />_______________________________________________________________ <br />_____ <br />_____ <br />_________________________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br /> <br />