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Avenue. Director Keating divulged that the County had $3 million currently in the Capital <br />Improvements Program that would be used to effect roadway improvements north and south of <br />Oslo Road for one half -mile each way. <br />Chairman Wheeler declared that the Letter of Credit was approved when the <br />circumstances were different, and felt that it was the Board's responsibility to authorize the return <br />of the Agreement. <br />Attorney Collins established that the project had been added to the Capital <br />Improvement Plan at a Public Hearing and he wanted to have it removed at a Public Hearing. He <br />clarified that staff was seeking Board approval to bring forward an amendment to the <br />Comprehensive Plan through the Public Hearing process, substantially terminate the Developer's <br />Agreement, and then return the developer's Letter of Credit. <br />ON MOTION by Vice Chair Bowden, SECONDED by <br />Commissioner Flescher, the Board unanimously approved <br />holding a Public Hearing to amend the CIE (Capital <br />Improvement Element) of the Comprehensive Plan to be <br />scheduled sometime in November or December 2007. If <br />the deletion from the CIE is approved, the County <br />Attorney's office would prepare a modification to the <br />Developer's Agreement which substantially terminates the <br />December 12, 2006 Agreement, and authorizes the return <br />of the $5,000,000.00 Letter of Credit, all as recommended <br />in the memorandum of October 10, 2007. <br />October 16, 2007 19 <br />