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HRA Regular Session <br />Meeting Date: 11/26/2013 <br />By: Tim Gladhill, Community Development <br />5. 1. <br />Information <br />Title: <br />Adopt Resolution #13-11-210 Approving of COR TWO NORTHSTAR; Case of Sophia -Ramsey, LLC <br />Purpose/Background: <br />Attached for the HRA's consideration is a Final Plat for COR TWO NORTHSTAR, which was originally part of <br />the COR TWO Plat. The original Final Plat was originally approved on August 13, 2012.However, the proposed <br />Lots 1 and 2 (existing lots) were not included in the current version of COR TWO, as Sophia -Ramsey chose not to <br />proceed at that time due to financing and tax purposes. Sophia -Ramsey, LLC has now submitted a plat to complete <br />the remainder of the original COR TWO plat. No additional lots are being created; in fact, the number of parcels is <br />being consolidated. Outlots A & B are owned by the HRA. <br />Notification: <br />No notification required at this time. The revised Plat is consistent with past approvals. <br />Observations/Alternatives: <br />The City Council previously granted Final Plat Approval to COR TWO in 2012. At that time, the plat included <br />reconfiguration of Lots 1 and 2, Ramsey Town Center 3rd Addition. The Ramsey Town Center 3rd Addition is <br />more commonly known as Northstar Marketplace or the Coborn's anchored retail center. Due to timing of the plat <br />and associated tax requirements, the owners of Lots 1 and 2 have requested a delay to recording the plat of COR <br />TWO. <br />The current plat removed the Sophia -Ramsey lots, but created two (2) new outlots that will now be included in COR <br />TWO NORTHSTAR that will bring the plat to it's originally planned configuration. <br />Approval of the Plat shall be contingent upon a correction to the drainage and utility easement description to <br />remove any encroachment of the Coborn's building. This adjustment is minor. <br />As owner of Outlots A & B, COR TWO to be included as part of COR TWO NORTHSTAR, the current Plat under <br />review, the HRA must approve of the Plat. <br />Funding Source: <br />All costs associated with the Application are the responsibility of the Applicant. <br />Recommendation: <br />Staff recommends that the HRA adopt Resolution #13-11-210 granting Final Plat Approval to COR TWO <br />NORTHSTAR. <br />Action: <br />Motion to adopt Resolution #13-11-210 granting Final Plat Approval to COR TWO NORTHSTAR. <br />Attachments <br />Site Location Map <br />