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AGENDA ITEM <br />Prepared By: J. Barnhart Reviewed By: DJR Approved By: DJR <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />1. Purpose. To formally release the development agreement from the finished lots in Tanager <br />Estates. <br /> <br />2. Background. The City Council approved the final plat for Tanager Estates on October 10, <br />2016. Included with that approval was a requirement for a development contract to be recorded <br />against the properties. <br /> <br />3. The improvements to the project have been completed, and the development contract can be <br />removed from the title of lots 2 and 4. The Development Contract references the conditions in <br />the Resolution 6569 which include the hour restrictions for construction, staff does not <br />recommend releasing the unbuilt lots. <br /> <br /> <br />4. Staff Recommendation. Staff recommends the Council adopt the resolution. <br /> <br />COUNCIL ACTION REQUESTED <br />City Council should review the approval resolution and adopt or amend. <br /> <br />Exhibits <br />A. Draft Release <br /> <br />References <br />Tanager Estates Development Contract <br />Resolution 6569 (Tanager Estates Preliminary Plat) <br /> Item No.: 7 Date: July 27, 2020 <br />Item Description: 16-3867 – Release of Development Contract for lots 2 and 4, Tanager <br />Estates <br />Presenter: Jeremy Barnhart, AICP <br />Community Development Director <br />Agenda <br />Section: <br />Consent Agenda