HomeMy WebLinkAbout10-111 Hickory Shores extension
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-111
A RESOLUTION AUTHORIZING EXTENSION OF THE DEADLINE FOR RECORDING A MAJOR PUD
AMENDMENT FOR HICKORY SHORES UNTIL MAY 20, 2011
Motion By: Hedberg Second By: Millar
WHEREAS, The Prior Lake City Council adopted Resolution 10-087 on September 20, 2010, approving a
major PUD Amendment for Hickory Shores; and
WHEREAS, The applicant is required to record the PUD Amendment within 60 days of approval, in this case
by November 20, 2010; and
WHEREAS, Signature Bank, the property owner, has submitted a request to extend the recording deadline to
May 20, 2011; and
WHEREAS, The Hickory Shores PUD Amendment was approved based on the belief that it would be a more
marketable product type, based on current housing preferences being expressed by consumers;
and
WHEREAS, The applicant of the Hickory Shores PUD Amendment was a developer, who had indicated they
intended to purchase the foreclosed Hickory Shores development from Signiture Bank, however,
in the end, the developer determined they would not move forward with the project; and
WHEREAS, The residential market has slowed and Signiture Bank would like to have the flexibility to market
the development with the amended PUD as an option.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as
follows:
1.The recitals set forth above are incorporated herein.
2.The deadline for recording the major PUD Amendment for Hickory Shores is extended from November 20, 2010
to May 20, 2011.
3.Signature Bank must file a copy of this resolution against the property by December 6, 2010 or the extention
shall be null and void.
4.Signature Bank shall provide the City with satisfactory evidence that this resolution has been properly recorded
against the plat of Hickory Shores.
PASSED AND ADOPTED THIS 15 DAY OF NOVEMBER 2010.
TH
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Millar X Millar
______________________________
Frank Boyles, City Manager
Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com