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. <br /> the City for perpetual maintenance, including rehabilitation and eventual replacement when <br /> needed. Examples include traffic signals installed for retail businesses, access roads, and new <br /> subdivision streets. Occasionally, the City participates in development agreements and may <br /> share in the cost of original infrastructure construction. Usually, development agreements are <br /> negotiated befare the private property owner decides to proceed with a project. CAT's decision <br /> to add parking facilities and related infrastructure improvements was made independent of a <br /> development agreement with the City. Their request for reimbursement could be viewed as <br /> form of development agreement requested after construction has already started. <br /> POTENTIAL OBJECTION: There are no known objections to this resolution. <br /> INPUT FROM OTHER SOURCES: Caterpillar, Incorporated <br /> STAFF REFERENCE: Richard Marley, Director of Engineering & <br /> Infrastructure,�at 424-�747 <br /> Richard Marley will be in attendance at the City Council meeting to answer any questions of <br /> the Council on this item. <br /> BUDGET/TIME IMPLICATIONS: <br /> If the Council wishes to reimburse Caterpillar Incorporated $50,081 for improvements made to <br /> 27tn Street related to the construction of a new employee parking lot, then funds could be made <br /> available from the Capital Improvement Fund. <br /> Attach: 3 <br /> cc: John Smith, Assistant City Manager for Public Services <br /> Matthew Newell, P.E., City Engineer <br /> Dick Borders, Municipal Services Manager <br /> Pa�e 2 <br />