Regular 7.b.
Regular City Council Meeting
- Meeting Date:
- 05/14/2018
- TITLE
- Development Agreement with Baumann at 1316 Lake Elmo Drive
- PRESENTED BY:
- David Mumford
- Department:
- Public Works
Presentation:
No
PROBLEM/ISSUE STATEMENT
City Council is being asked to consider annexing Certificate of Survey 2866, Tract 3, located at 1316 Lake Elmo Drive. As a condition of annexation approval, the property owner is to enter into a development agreement with the City of Billings outlining necessary future public improvements. The property owner has submitted the attached Development Agreement, and the Council will consider whether to approve the agreement. The improvements identified in the development agreement include necessary improvements to Lake Elmo Drive including the construction of sidewalk upon future development.
ALTERNATIVES ANALYZED
City Council may:
- Approve the development agreement with the property owner; or
- Disapprove the development agreement. If the agreement is not approved, the responsibility for infrastructure improvements will not be clearly identified as the property owner's responsibility.
FINANCIAL IMPACT
There is no financial impact to the City with acceptance of this development agreement. If the agreement is not accepted, the City may become responsible for improvements instead of the developer.
RECOMMENDATION
Staff recommends that the City Council approve the development agreement with property owners Kathy L. and F. William Baumann.