HomeMy Public PortalAboutAB 19-006 Silverpine Escrow Agreement AmendmentMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 19-006
Meeting Date January 3, 2019
AGENDA ITEM INFORMATION
SUBJECT:
PUD-16-01, SUB-16-04: Request to approve Escrow Agreement Amendment for Silverpine Village
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
/
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
N/A
Parks and Recreation
FUNDING SOURCE:
N/A
Airport
Library
TIMELINE:
N/A
Information Systems
Eco Devo Planner
Originator
SUMMARY STATEMENT:
Silverpine Village, a thirty (30) unit townhome development adjacent to the Alpine Village Phase 1 plaza, is currently under construction. In order to record the project’s subdivision
plat prior to completion of all of the infrastructure and site improvements, the applicant entered into a Development Agreement with the City of McCall (approved by Council on July
13, 2017) and provided financial assurances through an Escrow Agreement for the incomplete items. That Escrow Agreement expired December 31, 2018. Therefore, an Amendment to the Escrow
Agreement is needed to extend the financial assurances through project completion anticipated to occur during the 2019 building season.
RECOMMENDED ACTION:
Approve the First Amendment to Silverpine Village Escrow Account Agreement and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
July 13, 2017
Council approved the Silverpine Village Development Agreement and Escrow Agreement
September 28, 2017
Council approved the final PUD plan and final Subdivision plat for Silverpine Village