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HomeMy WebLinkAbout08-232 DATE SUBMITTED: October 15,2008 BILL # 08 - d 30\... AGENDA BILL CITY OF BREMERTON CITY COUNCIL ........................................................................................ SUBJECT: Agreement with Kitsap Bank on Makayla Avenue Improvements Committee Meeting Date: October 22, 2008 COUNCIL MEETING Date: November 5, 2008 Department: Public Works and Utilities Presenter: Michael Mecham Phone: 473-5288 SUMMARY: Kitsap Bank was a lender to Ron Burley Construction, Inc. (Burley) to construct infrastructure and single family residences in a development known as Makayla Heights located on Makayla Avenue in Bremerton. Burley defaulted on its loan to Kitsap Bank and Kitsap Bank is now the owner of certain properties in Makayla Heights. Burley had not completed some of the work items necessary to complete Makayla A venue and accompanying infrastructure. The City and Kitsap Bank desire to work in cooperation to complete the work items necessary to finish the improvements on Makayla Avenue. ATTACHMENTS: (1) Agreement Between the City of Bremerton and Kitsap Bank. (2) City Council Summary. (3) Aerial Photograph FISCAL IMP ACTS (Include Budgeted Amount): City will receive $30,000 from Kitsap Bank to support the construction of the agreed utility improvements. This payment will cover material costs and asphalt restoration expenses. Labor will be provided by the Stormwater and Water Utilities. COMMITTEE CHAIR COUNCIL PRESIDENT: CONSENT AGENDA ~ GENERAL BUSINESS D PUBLIC HEARING D APPROV ALS: DEPARTMENT DIRECTOR: CITY ATTORNEY: FINANCE DIRECTOR: MA YOR: RECOMMENDED MOTION: Move to approve the Agreement between the City of Bremerton and Kitsap Bank for the completion of improvements on Makayla Avenue and authorize the Mayor to finalize and execute the agreement with substantially the same terms and conditions as presented. COUNCIL ACTION: ~ Approve D Deny D Table D Continue D No Action