Laserfiche WebLink
----- <br />t 1 <br />Staff has since instructed the City Engineer and his consultants to perform the necessary calculations <br />to determine whether the existing pond is adequate. The necessary modeling has been completed by <br />our City Engineer, and MnDOT h^ given preliminary approval for the applicants to use the existing <br />pond (see Exhibit C). The only additional step, not yet depicted on any engineering plans, is the <br />applicants will be ^uired to deepen the pond excavating to create additional capacity, which it <br />should be noted will be much more cost efficient than the StormTech system previously proposed. <br />Further, the letter of credit amount and the City Engineer cost estimate may increase to reflect this <br />additional worit, however that can be determined once MnDOT has completed their final review. <br />This will not impact the attached documents. <br />Staff RecommcBdation <br />Approval per the attached Resolution and PUD Agreement No. 2C/Development Contract with the <br />understanding that the plat will not be released for filing nor will any permits be issued until the <br />following items have been submitted: <br />• Signed PUD No. 2C Agreement/Devel(^>ment Contract A signed mylars <br />• Minnehaha Creek Watershed District Permit <br />• MnDOT stormwater permit and access permit <br />• Fees in the amount of $18,079.00 <br />• Letter of Credit in the amount of $822,848.63 (or revised as necessary) <br />COUNCIL ACTION REQUESTED <br />Adopt the attached Resolution and PUD Agreement No. 2C/Development Contract for Interspace- <br />West, Inc. for development of property located at 2060 Wayzata Boulevard West. <br />'A- V • <br />mm I