City Council Minutes 1982 06 15 - Laserfiche WebLink

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Page -4- ment (turned tape over). Yes, but I think that is a separate issue from the subdivision agreement as such. However, since it is based on appropriate the same project / it will probably be to be discussed at the same time. Leary: Could you then quickly give a brief __ Curt: Sure, I would be glad to do that. The subdivision agreement is with the current property owner - B.S.C.S. As part of the process and as part of the discussions that have been held with the property owners and the applicant and Neodata in this case, Neodata has provided a separate agreement to the City relative to landscaping improvements and they have stated - just to run thru it quickly - that they agree to go ahead and bascially do landscaping improvements as set forth in Exhibit A which has been provided to Council and which has been provided to the ~egotiating committee. They agree to spend at least $160,000.00 on the landscaping. In the agreement they say they will post a performance bond in that amount within 10 days of this agreement, and they state that the performance bond will continue in effect after building permits are issued. However, if no building permits are issued within one year, then they will be able to withdraw the performance bond. 'Morris: I also have a procedural question - I have a question right now like that I would to have him address, but I have a number of questions in con- regarding next subdivision plat and the separate agreement and I'm not sure where they go. So I want you to be the judge of that. Right now for what Curt just said, right now regarding the separate agreement. I spoke with him on the phone about this a little bit today and some of my concerns is that if we do have a separate agreement regarding some of the negotiations that the residents and Lou Walton and Ken Tanaguchi and John and a number of other people were involved in, that if in fact when BSCS, which the sub-