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Council approves $87,790.65 invoice related to Serenity Addition cost-share
Summary
The council approved payment of $87,790.65 to Nielson Companies as the City's net cost-share for upsizing and over-depth work in the Serenity Addition first phase; the minutes list total cost-share and deductions for fees and sewer recovery.
City Administrator Justin Weiland presented an invoice from Nielson Companies for the City's cost-share tied to upsizing and over-depth under the First Phase of the Serenity Development Agreement. The minutes record a net City payment of $87,790.65; the total cost-share is listed as $257,054.65 prior to deductions.
The minutes detail deductions from the total cost-share including $10,000 for a traffic study, $77,400 for an open-space in-lieu payment and $81,864 attributed to sewer cost recovery. Motion 26-51 (moved by Josh Chapman, seconded by Aaron Otten) approved payment of $87,790.65 and the vote was recorded as all members AYE. The minutes do not elaborate on the payment schedule or funding source line item.
