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Home My WebLink About5F - Deerfield Ind. Park 4th CITY COUNCIL AGENDA REPORT 16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372-1714 MEETING DATE: AGENDA #: PREPARED BY: MARCH 7, 2005 5F DANETTE M. MOORE, PLANNING COORDINATOR CONSIDER APPROVAL OF A RESOLUTION APPROVING THE FINAL PLAT AND AUTHORIZING EXECUTION OF THE CITY'S STANDARD DEVELOPMENT CONTRACT FOR DEERFIELD INDUSTRIAL PARK FOURTH ADDITION AGENDA ITEM: DISCUSSION: Historv: In August of 2004, the City Council adopted Resolution 04-125 approving the final plat for the Deerfield Industrial Park located east of Fish Point Road, on the south side of Cottonwood Lane and Adelmann Street. The plat consisted of 60.93 acres that were subdivided into 60utlots. The Deerfield Industrial Park 4th Addition Final Plat is proposed as the following: . Lot 1, Block 1 to provide a C-5 (Business Park) site. . Outlot A for future commercial uses. Current Circumstances: The principal requirements for final plat approval include a signed Development Contract with surety for the installation of utilities and streets and the satisfactory completion of all preliminary plat conditions. Staff has reviewed the final plat and finds it to be in substantial compliance with the approved preliminary plat. The Issues: The Development Contract specifies the required improvements for this plat. Applicable fees are outlined in the Contract. The parkland dedication requirements for this plat will be satisfied by a land dedication. Conclusion: The staff prepared a development contract based on the lot areas provided by the developer. When reviewing the contract, the developer indicated the lot areas were incorrect. He provided new lot area information on Tuesday, March 1, 2005. The staff is reviewing this new area and revising the contract where necessary. As of the writing of this report, the staff has not completed these revisions. The Development Contract will be delivered to the City Council prior to the meeting on Monday. Staff will be available to discuss the details of the Development Contract with the City Council. We expect to have a signed contract by the meeting. If the developer has not signed the contract by the meeting, we will remove this item from the agenda. 1:\05 files\05 subdivision\05 final plat\deerfield industrial park 4th addition\cc repprt.doc www.cityofpriorlake.com Page 1 Phone 952.447.4230 / Fax 952.447.4245 FISCAL IMPACT: Budaet ImDact: Approval of this final plat will allow construction of new business establishments, which will contribute to the City's tax base. The required development fees are deposited into the appropriate City accounts. ALTERNATIVES: The City Council has three alternatives: 1. Adopt the resolution with conditions approving the final plat and Development Contract for Deerfield Industrial Park 4th Addition. 2. Deny the resolution approving the final plat. 3. Defer this item and provide staff with specific direction. RECOMMENDED MOTION: Staff recommends Alternative #1. This requires the following motion: 1. A motion and second t adopt a resolution approving the final plat and Development Contrac or Deerfield Industrial Park 4th Addition and uthoriz'ng t ayo and City Manager to sign the Development Contract. REVIEWED BY: 1:\05 files\05 subdivision\05 final plat\deerfield industrial park 4th addition\cc report. doc Page 2 16200 Eagle Creek Aven~~~9LUTION 05-XXX Prior Lake, MN 55372-1714 RESOLUTION OF THE PRIOR LAKE CITY COUNCIL APPROVING THE FINAL PLAT OF "DEERFIELD INDUSTRIAL PARK 4th ADDITION" AND DEVELOPMENT CONTRACT AND SETTING FORTH CONDITIONS TO BE MET PRIOR TO RELEASE OF THE FINAL PLAT. MOTION BY: SECOND BY: WHEREAS: On October 18, 2004, the City Council approved the preliminary plat known as Deerfield Industrial Park, subject to conditions identified by Resolution 04-159; and WHEREAS: The City Council has found that the final plat of "Deerfield Industrial Park 4th Addition" is in substantial compliance with the approved preliminary plat for Deerfield Industrial Park; and WHEREAS: The City Council has approved the final plat of "Deerfield Industrial Park 4th Addition." NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA, that it should and hereby does require the following conditions to be met, prior to release of, and recording of said plat: 1. The recitals set forth above are incorporated herein as if fully set forth. 2. The final plat of "Deerfield Industrial Park 4th Addition" is approved subject to the conditions set forth in this resolution. 3. The final plat of "Deerfield Industrial Park 4th Addition" is subject to the following conditions, which shall be met prior to release of and recording of the final plat: a. A current title opinion or commitment of title insurance must be submitted acceptable to the City Attorney. b. Payment of all fees prior to release of the final plat mylars. c. Reductions of the entire final plat be submitted, to the following scales: 1" = 200'; and one reduction at no scale which fits onto an 81/2" x 11" sheet of paper. d. Four mylar sets of the final plat with all required signatures must be submitted. e. The developer must provide financial security, acceptable to the City Engineer prior to release of the final plat mylars. f. The final plat and all pertinent documents must be filed with Scott County within 90 days from the date of final plat approval. Failure to record the documents by June 7, 2005, will render the final plat null and void. 4. The Mayor and City Manager are hereby authorized to execute the Development Contract on behalf of the City. 1:\05 files\05 subdivision\05 final plat\deerfield industrial park 4th addition\resolution.doc www.cityofpriorlake.com Page 1 Phone 952.447.4230 / Fax 952.447.4245 Passed and adopted this 7th day of March, 2005. YES NO Haugen Haugen Fleming FleminQ LeMair LeMair Petersen Petersen Zieska Zieska Frank Boyles, City Manager 1:\05 files\05 subdivision\05 final plat\deerfield industrial park 4th addition\resolution.doc Page 2