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HomeMy WebLinkAbout5I-Eagle Creek Plat Extension O� P�O+r U tri 4646 Dakota Street SE � NEso'tP Prior Lake,MN 55372 CITY COUNCIL AGENDA REPORT MEETING DATE: JANUARY 26, 2015 AGENDA#: 51 PREPARED BY: JEFF MATZKE, PLANNER PRESENTED BY: DAN ROGNESS, COMMUNITY& ECON. DEVELOPMENT DIRECTOR AGENDA ITEM: CONSIDER APPROVAL OF A RESOLUTION AUTHORIZING EXTENSION OF THE DEADLINE FOR RECORDING A FINAL PLAT FOR EAGLE CREEK COMMERCIAL DISCUSSION: Introduction The purpose of this agenda item is to consider a request by KRB Development Inc. to extend the deadline for recording a Final Plat and for the Eagle Creek Commercial development. The site is located along Credit River Road. History On December 8, 2014 the City Council approved Resolution 14-190 approving the Final Plat for Eagle Creek Commercial. This development consists of two commercial lots (one for a future Kwik Trip location) and a 7 acre outlot for future commercial development. Current Circumstances A condition of approval of Resolution 14-190 required that the plat be recorded within 60 days of approval, or by February 6, 2014. Subsection 1002 of the Subdivision Ordinance states the resolution shall be considered null and void if not recorded within the prescribed time, unless a request for a time extension is submitted in writing and approved by the City Council prior to the expiration date. On January 16, 2014, City staff received the attached correspondence from kRB Development Inc.,the developer, requesting an extension of the deadline for recording the final plat. This extension would be for a period of 90 days, or until May 7, 2015. Conclusion The developer has been working to finalize the details of the property closing with Kwik Trip, and payment of City development fees before the City releases the final plat for recording. Staff believes the request to extend the recording deadline for a period of 90 days appears reasonable in this case. ISSUES: The purpose of the recording deadline is to keep the development process moving forward and to provide prospective sellers information concerning platting and zoning restrictions. The extension of this deadline will allow the developer to delay recording in order for them to finalize their financing Phone 952.447.9800/Fax 952.447.4245/www.cityofpriorlak-e.com arrangements and to pay all city fees. The extension resolution shall be recorded against the property by February 6, 2015, or the extension shall be null and void. FINANCIAL This action has no direct financial impact; however, the implementation of IMPACT: the development plan will result in the opportunity for additional housing units within the City. ALTERNATIVES: 1) Motion and a second, as part of the consent agenda, to authorize extension of the deadline for recording a final plat for Eagle Creek Commercial. 2) Motion and a second to deny the extension request. RECOMMENDED Alternative#1 MOTION: ATTACHMENTS: Correspondence from KRB Development Inc. dated January 16, 2015 2 � pR k o 4 U tri 4646 Dakota Street SE ` Ilpzsol�t Prior Lake, MN 55372 RESOLUTION 15-xxx A RESOLUTION AUTHORIZING EXTENSION OF THE DEADLINE FOR RECORDING A FINAL PLAT FOR EAGLE CREEK COMMERCIAL Motion By: Second By: WHEREAS, The Prior Lake City Council adopted Resolution 14-190 on December 8, 2014, approving a Final Plat for Eagle Creek Commercial; and WHEREAS, KRB Development Inc. (the"Developer") is required to record the Final Plat within 60 days of City Council approval, in this case by February 8, 2015; and WHEREAS, The Developer has submitted a written request to extend the recording deadline another 90 days to May 7, 2015 in order to provide sufficient time for the Developer to finalize sale of the property and pay all City development fees required prior to recording the plat. NOW THEREFORE, 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 Final Plat for Eagle Creek Commercial is extended an additional 90 days from February 8, 2015 to May 7, 2015 to provide sufficient time for the Developer to finalize sale of the property and pay all City development fees. 3. A copy of this resolution must be filed by the Developer at the Scott County Land Records Office by February 8, 2015, or the extension will be null and void. PASSED AND ADOPTED THIS 26th DAY OF JANUARY, 2015. VOTE Hedberg Keeney McGuire Morton Thompson Aye ❑ ❑ ❑ ❑ ❑ Nay ❑ ❑ ❑ ❑ ❑ Abstain ❑ ❑ ❑ ❑ ❑ Absent ❑ ❑ ❑ ❑ ❑ Frank Boyles, City Manager January 16, 2015 Jeff Matzke Planner Community&Economic Development Dept. City of Prior Lake 4646 Dakota Street SE Prior Lake,MN 55372 Re: Eagle Creek Commercial Dear Jeff, KRB Development, LLC is requesting a 90 day extension to record the Eagle Creek Commercial plat. Our desire is to record the plat after closing the property with Kwik Trip. We have had recent discussions with Kwik Trip and have agreed to simultaneously close the property and record the plat. Our goal is to have this take place early to mid February. However, we want to allow enough time in case there are any scheduling issues. If you have any further questions or concerns please feel free to contact me at 952-898- 0230. Sincer y Matt Olson Controller KRB Development, LLC