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ACTION ITEM #Development, LLCwith Coldstream Agreement of a Development Approval Development, LLCwith Coldstream Agreement of a Development Approval June 3, 2020 8
Coldstream Development Agreement 400,000$exceeds to the District conveyed improvements site -any development agreement where the total value of onapproval by the Board of Directors is
required for er District Code, P•ownership, operation and maintenanceDistrict for constructed by the developer and then conveyed to the if is necessary development agreement When a
developer proposes to construct a new project, a •BACKGROUND / HISTORY Coldstream Development Agreement
Coldstream Development Agreement Warranty•Project acceptance•Indemnification•Insurance•Dedication of facilities constructed by the developer•Dedication of easements where necessary•and
fees Costs •Items addressed in development agreement typically include:•Separate development agreements for electric and water•projectthe responsibilities of each party with respect
to a particular Describes •DistrictDevelopment agreement is a contract between the developer and the •BACKGROUND / HISTORY Coldstream Development Agreement
Coldstream Development Agreement Project acceptance and administrative closeout•Project construction•Board approval required (tonight)•feesSigning of development agreement and payment
of costs and •Preparation of development agreement•plansReview and revision of project •Development agreement application•project feasibilityregarding discussions Initial •Development
agreement process:•BACKGROUND / HISTORY Coldstream Development Agreement
NEW INFORMATION development and reimbursement agreement for Phase 3and Coldstream Developers working with District on Teichert•Residential and commercial development•30,000 square feet
of mixed use commercial spaceDevelopment includes construction of up to 300 residential units and •materialsfor aggregate Incand Son, TeichertLand formerly utilized by A. •Coldstream
Canyon adjacent to Donner Memorial State ParkThe Coldstream Development is located at the entrance to •Coldstream Development AgreementColdstream Development Agreement
NEW INFORMATION water storage tank at the District’s Red Mountain facilityDesign, engineering, construction and inspection of potable •site-Off•Residential and commercial service connection•Fire
hydrants•Water distribution pipeline•infrastructure within the developmentDesign, engineering, construction and inspection of water utility •site -On•Work for Phase 3 includes:•Phase
1RailyardDevelopment Agreement for Phase 1RailyardDevelopment Agreement for
FISCAL IMPACT tank exceeds $500,000, staff will bring recommendations to the Board If the offsite work associated with construction of the water storage •The development agreement is
expected to exceed $400,000•parcels within the developmentstorage tank through water facility fees collected by the District from reimbursed for the actual cost for construction of
the potable water There is no direct fiscal impact with this item. The developer shall be •Coldstream Development AgreementColdstream Development Agreement
RECOMMENDATION electric system improvementsfor agreement between Truckee Development Associates and the District development Authorize the General Manager to execute the •Coldstream
Development AgreementColdstream Development Agreement