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HomeMy WebLinkAbout09-11-17 City Commission Packet Materials - C14. Impact Fee Agreement with East Main Investments for Blackmore Bend Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Shawn Kohtz, Project Engineer Richard Hixson, City Engineer SUBJECT: Blackmore Bend Impact Fee Payment Agreement Improvements to the Intersection of Highland Boulevard and East Main Street MEETING DATE: September 11, 2017 AGENDA ITEM TYPE: Consent Agenda RECOMMENDATION: Authorize City Manager to sign BACKGROUND: Attached is a copy (original to City Clerk) of the City of Bozeman Impact Fee Payment Agreement for improvements to the intersection of Highland Boulevard and East Main Street. Engineering and Legal staff provided the proposed agreement to the developer, East Main Investments, LLC, who executed the agreement and returned it to the City for signature by the City Manager. Funds for improvements to the intersection of Highland and Main are on the approved capital improvements plan as street impact fee project number SIF112 in Fiscal Year 2018. FISCAL EFFECTS: Defined in the approved Street Impact Fee item SIF112 in the Capital Improvements Program ALTERNATIVES: As suggested by the City Commission. Attachments: City of Bozeman Impact Fee Payment Agreement Report compiled on: 8/24/17 209 210 211 212 213 214 215 216 217 218