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MEMO <br /> DATE : May 7, 1999 <br /> TO Honorable Mayor and Council <br /> FROM : Jim March <br /> RE : Center Villa Developer's Agreement <br /> ** *4 *4 ** * * * ** 444*************4******** * ** * **** ** **4* ** * * *4** ** *****44 <br /> Included in your packet is an updated developer's agreement with the changes that were <br /> discussed at the special Council meeting. A change was made to delete the requirement for the <br /> $5000 contribution for the future asphalt on the proposed trail. An additional change was made <br /> to the calculation of the storm water fees based on a square footage calculation from the City <br /> Engineer. <br /> The oversizing cost and the cost of the watermain extension from the cul -de -sac to 20th Avenue <br /> has been determined to be $25,800. The removal of the oversizing costs and the removal of <br /> whatever the Council decides on the looping cost will reduce the amount required in a letter of <br /> credit for street and utility improvements. Mr. Peterson will be present to discuss this issue with <br /> the Council. <br />