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City of AGENDA ITEM #10.2 <br /> Pe ?__quot <br /> Lakes <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: April 1 , 2008 <br /> Subject: Trailside Estates <br /> Report: At the March Council meeting the Council <br /> requested the City Attorney to contact the bonding <br /> company for Trailside Development to determine the <br /> ramifications to the developer if the City should decide to <br /> draw on the bond to collect payment of delinquent bills <br /> relating to the development. Mr. Sandelin has contacted the <br /> bonding company as indicated in the attached letter. <br /> Since that time, Mr. Smith has contacted me regarding this <br /> issue. He has indicated that he wants to work with the City. <br /> He has indicated that it would be detrimental to him and his <br /> business if the City were to draw on the bond. <br /> Does the Council want to designate one or two Council <br /> Members and the Clerk to meet with Corky to decide on a <br /> method of payment? <br />