Hy-Vee wants to start building Lawrence's largest grocery store, and it's willing to put up a $100,000 "performance bond" to help get things started.
Tuesday night, Lawrence city commissioners will consider approving an "agreement to plat" for the Hy-Vee project, slated for the northwest corner of Sixth Street and Monterey Way.
The agreement is necessary for Hy-Vee to secure a building permit and get its project moving. The draft agreement is the result of several weeks of meetings and negotiations between city officials and Landplan Engineering, Hy-Vee's local representatives on the project.
Included in the agreement are provisions intended to protect the public with regard to drainage and traffic issues. Hy-Vee has worked out a deal to handle drainage concerns both on-site and downstream, City Manager Mike Wildgen said.
"Hy-Vee has indicated their willingness to post a $100,000 bond for the estimated cost of the off-site improvements," said Phil Struble of Landplan Engineering in a letter to Wildgen.
The agreement to plat is necessary for construction of the project to proceed "in a timely manner," Struble said.