Agenda Item Title:
Authorize Mayor and Finance Officer to Sign an Agreement for Construction of Street Extension, a Covenant Agreement Concerning East North Street Right Of Way, and a Waiver and Release of Future Taking Claims, all between the City of Rapid City and Dakota Heartland, Inc
Origination Group:
Public Works Committee
Origination Meeting Date:
02/13/2018
City Council Hearing Date:
02/20/2018
Petitioner:
Dakota Heartland, Inc.
Staff Contact:
Ted Johnson, Engineering Project Manager
Location:
510 North Cambell Street and the adjacent East North Street Right of Way, on the southeast corner of the North Cambell Street and East North Street Intersection, Rapid City.
Agenda Item Summary:
These three agreements are all associated with the developer’s plans to construct a street extension within the East North Street right of way to provide access to the developer’s property through the East North Street frontage road. The street extension will serve the developer’s property only and will not provide access to any other properties. The agreement for Construction of Street Extension is an Infill Project Agreement for Public Improvements that outlines the obligations of the developer when constructing public improvements. The Covenant Agreement Concerning East North Street Right of Way is to allow for existing encroachments into the East North Street right of way to remain including an existing retaining wall and parking lot per the terms of the agreement. The Waiver and Release of Future Taking Claims allows the developer to construct the desired improvements but waives their right to make any taking claims against the City in the future should the City make changes to the East North Street frontage road in the future.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve