HomeMy WebLinkAbout5I - Greystone CIC Plat
CITY COUNCIL AGENDA REPORT
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
AGENDA ITEM:
OCTOBER 17, 2005
51
DANETTE MOORE, PLANNING COORDINATOR
CONSIDER APPROVAL OF A RESOLUTION APPROVING
THE COMMON INTEREST COMMUNITY NUMBER 1160
(GREYS TONE INDUSTRIAL CONDOMINIUM) CIC PLAT
MEETING DATE:
AGENDA #:
PREPARED BY:
DISCUSSION:
Historv: In August of 2005 a 3-unit building known as the Greystone
Industrial facility was built in the Deerfield Industrial Park. Since that
time, the building has been under single ownership with rental units.
Current Circumstances: The current owner of the building, 169
Industrial Park Development Co., LLC, is requesting approval of a
Common Interest Community (CIC) plat. The purpose of a CIC plat is
to allow for the subdivision ofthe 3-unit building into lots for each
individual unit. These lots may be sold to individual owners, or be
rented. Essentially, the plat creates a lot around the four walls of an
individual unit. The CIC plat does not change the site plan or number
of units within the building.
The Issues: CIC plats do not require a development contract. The
required developer improvements were included under a previous final
plat, so no Letter of Credit is necessary. In addition, the City fees
normally associated with a final plat have been collected under the
previous Development Contracts.
Conclusion: A copy of the CIC plat is attached to this report. Staff
will be available to discuss the details of this plat with the Council.
FISCAL IMPACT:
BudJ!et Impact: There are no budget impacts with the approval of this
CIC plat since the building has already been built.
ALTERNATIVES:
The City Council has three alternatives:
1. Adopt a Resolution approving the Common Interest Community
Number 1160 (Greystone Industrial Condominium) CIC Plat.
2. Deny the resolution approving the CIC plat.
3. Defer this item and provide staffwith specific direction.
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www.cnyofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
RECOMMENDED
MOTION:
REVIEWED BY:
The staff recommends adoption of Alternative #1 as part of the consent
agenda.
A motion and second to adopt a resolution approving the Common
Interest Community Number 1160 (Greystone Industrial
Condominium) CIC Plat and authorizing the Mayor and City Manager
to sign the CIe plat documents.
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Page 2
16200 Eagle Creek Avenue ~~OLUTION OS-XX
Prior Lake, MN 55372-1714
RESOLUTION OF THE PRIOR LAKE CITY COUNCIL APPROVING THE COMMON INTEREST
COMMUNITY NUMBER 1160 (GREYSTONE INDUSTRIAL CONDOMINIUM) CIC PLAT
MOTION BY:
SECOND BY:
WHEREAS: The Greystone Industrial facility was built in August of 2005 as a 3-unit building; and
WHEREAS: the Greystone Industrial building is located on an existing, platted lot; and
WHEREAS: The City Council has found that the Common Interest Community Number 1160
(Greystone Industrial Condominium) CIC Plat is in compliance with the existing
building and does not change the site plan or number of units within the building; and
WHEREAS: The City Council has approved the Common Interest Community Number 1160
(Greystone Industrial Condominium) CIC Plat.
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 setforth.
2. The CIC plat and all pertinent documents must be filed with Scott County within 60 days from the
date of final plat approval. Failure to record the documents by December 17, 2005, will render the
CIC plat null and void.
3. The Mayor and City Manager are hereby authorized to execute the CIC Plat on behalf of the City.
Passed and adopted this 1 ih day of October, 2005.
YES NO
HauQen HauQen
Fleming Fleming
LeMair LeMair
Petersen Petersen
Zieska Zieska
Frank Boyles, City Manager
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Phone 952.447.4230 / Fax 952.447.4245
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