Agenda Item Ref. #: 17TI001 - Rainbow Ridge Subdivision - Timeline

Attachments & Links to Download:

• April 4, 2004 – Council approves 04PL014 – pdf Rainbow Ridge Layout Plat (184 KB) identifying Alma Street as the road connection leading to the reservoir / tower
• October 3, 2005 – Council approves Resolution Creating Tax Increment District No. 54

• October 3, 2005 – Council approves pdf Resolution Approving Project Plan for Tax Increment District No. 54 (2.58 MB)

• May 15, 2006 – Council authorizes Mayor and Finance Officer to sign pdf Contract for Private Development (315 KB) between the City and DTH, LLC for Tax Increment District No. 54
• October 16, 2006 – Council approves   pdf 06PL138 – Rainbow Ridge Preliminary Plat (142 KB) identifying realignment of the road connection leading to the reservoir / tower using Sagewood Street
• December 22, 2006 – Interest rate on TID loan is 8.75%
• January 15, 2007 – Council authorizes Mayor and Finance Officer to sign   pdf Assignment Agreement (202 KB) for TID 54 between DTH, LLC and BankWest
• May 7, 2007 – Authorize Mayor and Finance Officer to sign   pdf Memorandum of Agreement (52 KB) with DTH, LLC regarding Vicki Powers Park and TID 54
• May 18, 2007 –   pdf Payment received (28 KB) from DTH, LLC for Vicki Powers Agreement
• December 19, 2007 –   pdf Email (91 KB) string regarding the City making payment without any certification being completed (indicates that the council would need to approve an addendum to the Developer’s Agreement)
• January 22, 2008 – City PW Department   pdf requests consideration (162 KB) for reallocation of TID 54 project costs
• January 22, 2008 –   pdf Amendment to Contract for Private Development (190 KB) between the City and DTH, LLC
• January 31, 2008 – DTH, LLC Submits First   pdf Certification of Costs (79 KB) , including $500k for Vickie Powers Park, $127,219.78 for Water Main Bunker Dr (Ph I) and $38,263.96 for interest expense
• February 4, 2008 –   pdf Agreement (203 KB) between City and DTH to allow for acceptance of public improvements before the completion of sidewalks for Rainbow Ridge Subdivision
• April 7, 2008 –   pdf Resolution Approving the Revised Project Plan for TID 54 (923 KB)
• October 14, 2008 –   pdf Second Amendment to the Contract for Private Development (381 KB)

• October 20, 2008 –   pdf Agreement between the City and DTH for Water Reservoir and Water Booster Station (316 KB)

• April 5, 2010 -   pdf Amended Agreement (212 KB) between City and DTH to allow for acceptance of public improvements before the completion of sidewalks for Rainbow Ridge Subdivision

• April 5, 2010 –   pdf Amendment to Agreement (120 KB) between City and DTH for Water Reservoir and Water Booster Station

• April 5, 2010 – pdf Third Amendment to the Contract for Private Development (382 KB)

• April 22, 2010 – Correspondence from DDI   pdf requesting city accept responsibility (775 KB) for maintenance of access and drainage easements

• May 6, 2010 –   pdf 09SR048 11-6-19 Review to construct public improvements (water tower, water main to tower, detention pond) (363 KB) Planning Commission approved with stipulation that Council accept maintenance responsibility

• May 6, 2010 –   pdf Email string (68 KB) regarding request for city maintenance of drainage pond(s)

• June 5, 2010 – Interest rate on TID loan is 9%

• September 7, 2010 –   pdf Second Amendment to Agreement (125 KB) between City and DTH for Water Reservoir and Water Booster Station

• September 7, 2010 – pdf Fourth Amendment to the Contract for Private Development (148 KB)

• September 17, 2010 –   pdf Receipts (103 KB) for water reservoir and booster station

• April 21, 2011 – Interest rate on TID loan is 9%

• March 1, 2012 –   pdf Email string (74 KB) in which Mr. Estes indicates the only items left to certify as the water main and the grading over the water mains; also acknowledging that P Sumption had suggested that they start the process for reallocation of costs due to change orders due to “adverse conditions”

• June 18, 2012 –   pdf Agreement for Oversize Water Main and Construction Administration (460 KB) allowing $136,816 maximum reimbursement for 16” water main

• July 13, 2012 –  pdf Email (26 KB) requesting status update on additional certification

• December 12, 2012 – DTH submits   pdf Second Certification of Costs (115 KB) in which all remaining projects in the project plan were certified

• January 9, 2013 – Interest rate on TID loan is 7%

• February 4, 2013 –   pdf Agreement for Oversize Water Main (327 KB) requesting status update on additional certification

• December 1, 2016 –   pdf Email String (59 KB) indicating the submittal of additional TID 54 costs

• May 5, 2017 –   pdf DTH Correspondence (102 KB) clarifying professional services for reallocation cost

• May 15, 2017 –   pdf Email (89 KB) from Todd Eddy showing interest history on these TID loans

• May 31, 2017 –   pdf Public Works correspondence (100 KB) regarding public improvements