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<br /> ~ ~ M <br /> Y ~ <br /> Riverview Golf Course Agreement <br /> July 17, 2000 <br /> Page 2 <br /> Riverview Golf Course will enter into agreement with West Coast Nettin <br /> to provide the poles, netting and installation necessar g <br /> the mitigation work on the 14th green and for the nettingtnecessa plish <br /> the 15th fairway. Riverview Golf Course shall be credited for the v on <br /> of poles and trees taken from their inventor clue <br /> mitigation plan on the 15th fairway as part of thei beshare ofo totae <br /> project cost. 1 <br /> In order to expedite delivery of materials, consistin <br /> netting, staff recommends that the Cit g °f Poles and <br /> Riverview Golf Course providing a cash advancep Into the agreement with <br /> account in an amount not to exceed project escrow <br /> utilized, to the extent necessar $30,000. These funds would be <br /> and Riverview Golf Course is executeaile the agreement between Ryland <br /> payment of any portion of the mitigation The City funds utilized for <br /> Ryland Homes deposits their funds into the Pescrowllac ountepmubrsuandt is <br /> the Mitigation Agreement. In the event that Ryland Homes fails to <br /> deposit their required portion of the <br /> account, the City shall seek recourse agaipnst Ryland Homesnto the escrow <br /> FISCAL IMPACT <br /> Funds to be deposited into the escrow account to pay for miti an on <br /> measures are available in the Non-departmental account for improvements <br /> other than buildings (account no. 11-012-6631). <br /> APPROVAL AS TO FUNDS AND ACCOUNTS: <br /> Cynt is J. Nelson C-n~.~ <br /> Executive Director Rod R. Coloma <br /> Community Development A enc Executive Director <br /> g Y Finance & Management Services Agency <br /> H:Actions12000 CC\Riverview Agmt <br /> <br />