Agenda - Council - 10/14/2008 - Laserfiche WebLink

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CASE # 4 REQUEST FOR EXTENSION TO SUBMIT FINAL FLAT FOR SUMMERSET MEADOWS SUBDIVISION; CASE OF SUMMERSET MEADOWS LLC By: Sylvia. Farolik, Asst. Community Development Director Background: On October 25, 2005, the City Council granted preliminary plat approval to Summerset Meadows, a residential subdivision located south of Alpine Drive and west of Armstrong Blvd. Under City Code, a final plat must be submitted no later than one year after preliminary plat approval, which in this case would be October 25, 2006. In order for the preliminary plat to be valid after the one year time limit, the City Council can grant a time extension to the developer. On September 2.0, 2006, the developer, Summerset Meadows LLC sent a request to the City Council to extend the time limit for submittal of the final plat until October 25, 2007, Council granted the one year extension. On September 20, 2007, the City received a letter from the developer requesting another one- year extension for the final plat to be submitted, The letter states that the reason they would life another extension is due to the decision of the City not to pursue the Ramsey Crossings project, which included the eastern part of the Summerset Meadows subdivision, as well as the uncertainty in the residential market that is forecasted to continue into 2008, The City granted another one year extension to October 25, 2008 to submit the final plat for Summerset Meadows. The City received a letter from the developer dated September 2, 2008 requesting another extension to rile for final plat approval. However, this time the request is for an additional two years. The continuing challenges presented in the Twin Cities residential .market is the reason for the request. City Council should be advised that under City Code and State Statutes, the developer has 2 years from the date of approval to record the final plat. A 2 year extension to file for final plat approval and a time frame of 2 years to record the final plat has the potential to give the developer up to 4 more years (2012) to act on a preliminary plat approved in 2005. The following items are included for your review: a) Site Location Map b) Letter from Summerset Meadows LLC dated September 2, 2008 requesting a two-year extension, c) Approved Preliminary Site Plan for Summerset Meadows d) Resolution to grant/deny Summerset Meadows, LLC request for an extension to submit a final plat for the Summerset Meadows subdivision. Funding Source: All staff costs associated with the extension request are the responsibility of the developer, —267—