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July 1, 2019 Item No. ______
FIRST AMENDMENT TO DEVELOPMENT CONTRACT
INTERSTATE SOUTH LOGISTICS PARK SECOND ADDITION
PROPOSED ACTION
Staff recommends adoption of the following motion: Move to approve the First Amendment to
the Development Contract with Scannell Properties #180, LLC for Interstate South Logistics
Park Second Addition.
OVERVIEW
The final plat and development contract for Interstate South Logistics Park Second Addition was
approved at the June 3, 2019 City Council Meeting. The property is located at the southwest corner
of 217th Street and Dodd Boulevard (CSAH 9) and is the site of the QA1 Precision Products project.
The original development contract included a reference to a public watermain to be extended
through the site. Since June 3rd, it has been concluded by the City and Scannell that a public
watermain is no longer needed for this project, and that the QA1 building can be served with the
private watermain extensions that already exist on the site. The proposed amendment eliminates
the requirement for the public watermain extension and reduces the associated security amounts.
Scannell Properties #180 LLC has signed the attached development contract amendment.
PRIMARY ISSUES TO CONSIDER
Does the revised plan for watermain extensions provide for water service to be available to the
area of Interstate South Logistics Park south of the QA1 site? Depending on how the remainder
of the property develops, Scannell may be required to construct a public watermain west of the QA1
site to serve the southern portion of Interstate South Logistics Park.
SUPPORTING INFORMATION
ā Signed First Amendment to Development Contract for Interstate South Logistics Park
Second Addition
Financial Impact: NONE Budgeted: Yā Nā Source:
Related Documents (CIP, ERP, etc.):
Envision Lakeville Community Values: Diversified Economic Development
Report Completed By: David L. Olson, Community and Economic Development Director