HomeMy WebLinkAbout05(I) - Resolution Approving an Extension of the Deadline to Submit a Final Plat and Final PUD for Villas at Crest Woods ReportNHH PROPERTIES
7455 France Ave S :: Suite 351 :: Edina, MN :: 55435
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Adam Seraphine
NHH Properties
7455 France Ave S, Suite 3531
Edina, MN 55435
August 18, 2022
City of Prior Lake
Jeff Matzke
4646 Dakota Street SE
Prior Lake, MN 55372
Re: Villas at Crest Woods Prelim Plat & PUD Approvals
Dear Mr. Matzke:
As Chief Manager of Prior Lake Development, LLC, the applicant for the preliminary plat
and preliminary PUD approvals for the project known as the Villas at Crest Woods, I am
requesting that the City Council consider an extension of the plat and PUD approvals
that are set to expire on September 7, 2022.
The development team intends to complete the project in substantially similar form as
presented during the public hearing and approval process for the preliminary plat &
PUD. Due to changes in the single-family new construction market, we have determined
that this development will more than likely need to be constructed with a phased
approach. These proposed changes and the resulting request for an extension are
driven by cost increases of home buyer financing options and construction material
pricing and availability fluctuations. The development team and its engineers anticipate
the completion of the revised plans and the presentation to city staff within the next 15-
30 days.
I appreciate your consideration of my request and please let me know if you have any
questions.
Thanks,
Adam M Seraphine
NHH Properties