VII.5. Approve First Amendment to Development Agreement – The Moline; Stanley (CR2017-025)
February 7, 2017 Council Report 2017-025
APPROVE FIRST AMENDMENT TO DEVELOPMENT AGREEMENT
THE MOLINE
Proposed Action
Staff recommends the following motion: “Approve First Amendment to Development
Agreement with Doran Companies.”
Overview
The Development Agreement between the City and Doran Companies for The Moline project
was executed on March 1, 2016. In the original agreement there was a term that specified
Doran Companies would be the construction manager for The Artery, and would act as the
City’s agent during construction. City and Doran staffs have determined that this plan is not
in the best interest of either party and wish to remove this language from the agreement. It
was decided than an alternative agreement for completion of The Artery construction was
more appropriate to accommodate the needs of both parties. There were also dates in the
original agreement specifying various milestones for construction completion that both the
City and Doran have determined need to be modified for respective goals to be met.
Attached is the First Amendment to Development Agreement for The Moline, this document
has been reviewed and approved by City staff and the City Attorney. The Agreement has
been executed by Doran Companies.
Supporting Documents
• First Amendment to Development Agreement
_______________________________________
Nate Stanley, P.E.
City Engineer
Financial Impact: Budgeted Y/N Source: Related Documents
(CIP, ERP, etc.):
Notes: __________________________________________________________________