Adopt Resolution #24-250 Approving a Development Agreement for Quad Logic's Building Addition at 14220 Basalt Street NW (Project No. 24-118); Case of Quad Logic

Quad Logic (the "Applicant"), located at 14220 Basalt Street NW (the "Subject Property"), submitted a Land Use Application for a variance to the rear yard setback, a partial easement vacation along the western boundary of the Subject Property, and will, in the near future, be applying for a Building Permit to construct a 3,440 square foot building addition for additional warehousing space.  The Planning Commission approved the requested variance at their August 22, 2024, meeting.  The City Council approved the easement vacation at their August 27, 2024, meeting.  The purpose of this case is to review and approve the Development Agreement, which will memorialize the required improvements and financial responsibilities, including sureties.

Notification is not required.

The Applicant is responsible for all costs associated with this request.

Staff recommends approving the Development Agreement.

Motion to adopt Resolution #24-250 approving the Development Agreement for Quad Logic's building addition and associated site improvements.