Title
Approving an "Agreement Relating to the Decertification of Property (Sorento)" and authorizing the City Manager to execute the same.
Summary
Prior City Council action authorized $250,000 for the direct decertification costs associated with removing the area of Sorento within the Manville CCN. The agreement furthers the coopertive efforts of Manville and the Sorento development.
Prior City Council Action
The City Council approved a resolution on April 9 authorizing $250,000.
Deadline for City Council Action
There is no deadline for action.
Projected Future City Council Action
No additional action is anticipated related to the decertification.
Fiscal Impact
This agreement commits up to $275,000 to the decertification efforts, which includes the $250,000 previously authorized. The additional $25,000 is referenced in Section 3.2 of the agreement as reimbursement of other costs and expenses.
Staff Recommendation
Approval.
Drafter
Trey Fletcher
Assistant City Manager