Resolution authorizing the City Manager to amend the Subdivision Agreement for Wolfe Addition No. 2 to allow the development of the Excel Drive extension to occur in conjunction with the development of Lot 2, Block 1, Lot 2, Block 3, Lot 3, Block 3, or Lot 1, Block 4, Wolfe Addition No. 2.

Adoption of the attached resolution.

On August 8, 2022, the City Council approved a Resolution for a Final Plat of the Subdivision known as Wolfe Addition No. 2. A condition of the Council's approval was the requirement for execution of a subdivision agreement for the purpose of defining and providing the required public improvements to the Subdivision.
 
During preliminary and final design of the proposed Excel Drive extension project, it was determined that the construction of Excel Drive could coincide with the development of the parcels adjacent to the road. Wolf Point of Mankato, LLC, is requesting to amend the agreement to remove Lot 1, Block 2, Wolfe Addition No. 2, as a lot that would require the extension and to alternatively delay the roadway construction until the parcels immediately adjacent to this section of the roadway are developed. If amended, the lots that will trigger the required Excel Drive construction are: Lot 2, Block 1, Lot 2, Block 3, Lot 3, Block 3, and Lot 1, Block 4, Wolfe Addition No. 2.

Alternatively, the development of the road could be required if the level of service at the Power Drive/Excel Drive intersection is reduced due to construction activity in Lot 1, Block 2, Wolfe Addition No. 2.