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City Council Regular
Meeting Date: 01/16/2018  
Subject:    Consider Agreement with ZHAO 998 LLC for Public Improvements to River Rapids Drive and 124th Avenue
Submitted For: Tim Himmer From: Sarah Greene, Administrative Assistant II

Council is asked to consider an agreement with ZHAO 998, LLC, the owner of proposed retail buildings adjacent to Home Depot.
As part of a new retail development known as Coon Rapids Retail Building, the City required the developer to complete certain roadway and parking lot improvements that would improve traffic circulation within the area. The improvements located in the public right of way (ROW), primarily the north leg of the River Rapids Drive and 124th Avenue intersection, include striping, signage, and a concrete median island. The attached agreement outlines the City's cost participation in this project for the improvements located within the public ROW (estimated and capped at $10,000). The developer must complete other improvements in this intersection at their cost and perform the construction and warranty work as part of their overall project. All public improvements will be performed to City standards and be inspected by City staff. All project improvements must be completed prior to the issuance of a certificate of occupancy.
Staff recommends City Council approve the agreement with ZHAO 998 LLC for Public Improvements to River Rapids Drive and 124th Avenue, and authorize the Mayor and City Manger to execute the agreement.

Exhibit A

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