HomeMy WebLinkAbout05(Q) - Resolution Extending the Deadline to Record the Final Plat and Development Agreement for Residences at Crest Woods Report
ITEM: 5Q
CITY COUNCIL AGENDA REPORT
MEETING DATE: March 10, 2026
PREPARED BY: Paul Moretto - Planner
PRESENTED BY: Casey McCabe - Community Development Director
AGENDA ITEM: Resolution Extending the Deadline to Record the Final Plat and
Development Agreement for Residences at Crest Woods
RECOMMENDED ACTION:
Approval of a resolution approving an extension to the deadline to record the final plat and
development agreement for Residences at Crest Woods.
BACKGROUND:
On December 9, 2025 the City Council approved a final Planned Unit Development (PUD) plan,
Development Agreement and Final Plat for the Residences at Crest Woods. The Final Plat
consists of one developable lot for an existing residence (Lot 1, Block 1, Residences of Crest
Woods), Right-of-Way for 138th Street and Outlots that will be reserved for future residential
development (Outlot A and B). The subject property is located in the northeast corner of the CSAH
42 and CSAH 17 intersection (future 138th Street NE intersection). (PID is 259240025 and
259240023).
Current Circumstances
Following City Council approval of the Final Plat and Development Agreement, the developer
communicated to the City concerns with some of the Development Agreement language, primarily
related to financial security and warranty provisions. The developer’s financial institution raised
concerns regarding the Development Agreement language and requested amendments. The
developer is requesting additional time to work with the City and their financial institution to resolve
outstanding issues.
Final Plat Extension
Prior Lake City Code Subsection 9.33 (Recording Final Plat And Development Agreement) states,
if the final plat and development agreement are approved by the City Council, the subdivider shall
record both documents with the County Recorder or Registrar within ninety (90) days after said
approval. The final plat shall be considered void if not recorded within the ninety (90) days unless
a request for a time extension is submitted in writing prior to the expiration of the ninety (90) day
period and approved by the City Council.
The original deadline for recording the Final Plat and Development Agreement is March 9, 2026.
The applicant applied for the extension prior to the deadline. The developer is requesting a ninety
(90) day extension to record the Final Plat and Development Agreement to June 7, 2026.
CONCLUSION:
City staff recommends approval of the recording extension to allow time for the developer, city
staff and their financing institution to discuss potential amendments to the development
agreement. Any proposed revisions to the development agreement would be brought back for city
council consideration at a later date.
City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372
Item 5Q
Page | 2
FINANCIAL IMPACT:
No financial impact is anticipated as a result of this action.
ALTERNATIVES:
1. Motion and second as part of the consent agenda to approve a resolution approving an
extension to the deadline for recording the Final Plat and Development Agreement for
Residences at Crest Woods.
2. Motion and second to remove this item from the consent agenda for additional discussion.
ATTACHMENTS:
1. Resolution
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 26-___
A RESOLUTION EXTENDING THE DEADLINE TO RECORD THE FINAL PLAT AND
DEVELOPMENT AGREEMENT FOR RESIDENCES AT CREST WOODS
Motion By: Second By:
WHEREAS, on December 9, 2025 the Prior Lake City Council approved a final Planned Unit
Development (PUD) plan, Development Agreement and Final Plat for The Residences
at Crest Woods; and
WHEREAS, the developer has requested additional time to record the plat and Development
Agremment.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA AS FOLLOWS:
1. The final plat and all pertinent documents must be filed with Scott County by June 7, 2026. Failure
to record the documents by June 7, 2026 will render the final plat null and void.
Passed and adopted by the Prior Lake City Council this 10th day of March, 2026.
VOTE Briggs Braid Churchill Lake Hellier
Aye
☐ ☐ ☐ ☐ ☐
Nay
☐ ☐ ☐ ☐ ☐
Abstain
☐ ☐ ☐ ☐ ☐
Absent
☐ ☐ ☐ ☐ ☐
__________________________
Jason Wedel, City Manager