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O� �� the city that works for you Report Number Agenda Section Council Meeting Date REQUEST FOR COUNCIL CONSIDERATION 14 -241 VI -5 September 23, 2014 ITEM DESCRIPTION: Subdivision Agreement between the City of New Brighton and AN Group LLC. DEPARTMENT HEAD'S APPROVAL: CITY MANAGER'S APPROVAL: No comments to supplement this re Comments attached Recommendation: Authorize the Mayor44d City Manager to enter into a Subdivision Agreement between the City of New Brighton and APi Group Headquarters, LLC, agreement of which is subject to the final approval by the City's redevelopment counsel. Legislative History: On January 14, 2014 the City and AN have entered into a Contract for Private Redevelopment. The Redevelopment Agreement requires that the AN enter into this Subdivision Agreement. On July 22, 2014, the City Council passed Resolution No. 14 -063 approving the Minor Subdivision of Lot 1, Block 3, Long Lake Landing and Resolution No. 14 -064 conditionally approving the Site Plan for development of a 1.94 acre parcel with a 3 story, 45,000 SF training center and office building within the New Brighton Exchange Redevelopment Area located at the northwest corner of Northwest Parkway and Old Highway 8 NW. Financial Impact: AN will be responsible for the design and construction of the improvements shown on the Site Plan. The City will cost share in certain New Brighton Exchange related development improvements for enhanced pedestrian and aesthetic improvements located in the adjacent public right of ways as set forth in the Site Plan. Specifically, the City will pay APi $7,500 to install decorative concrete pavers, and the City will be responsible for the installation and associated costs to install two limestone pylons at the SW corner of the subject property. Explanation: Staff has been in discussions with AN Group since mid -2012 on an office expansion project in New Brighton Exchange. APi met with the Council in December 2012 and shared their plans to build up to 75,000 square feet of office space in two different buildings. The parties formalized the basic business terms this past spring and eventually a term sheet was approved by the City Council on June 11, 2013. APi is proposing to build a 45,000 square foot building on the south half of the site. They have an option to build a second building of up to 30,000 square feet on the north half of the site. The attached Subdivision Agreement is for the south half of the redevelopment of the property. The Subdivision Agreement governs such things as public improvements, private improvements, timing, permitting, workmanship, warranties and sureties, survey controls, erosion control, street sweeping and other site development issues. Costs and Funding: Any costs paid to AN shall be from NBE Tax Increment District. Grant M. Wyffels,'Iff. Director of Public Works Attachment: Subdivision Agreement