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CASE # <br />REQUEST FOR EXTENSION TO SUBMIT FINAL PLAT FOR <br />RAMSEY TOWN CENTER 6TH ADDITION AKA GABLES TERRACE; <br />CASE OF D.R. HORTON, INC. <br />By: Amber G. Miller Community Development Director <br />Background: <br />D.R. Horton Inc. received final site plan and final plat approval of Ramsey Town Center 6th <br />Addition in May of 2005. In November 2006, the City Council granted an extension of final plat <br />approval until May 2008. Following that, D.R. Horton submitted a revised preliminary plat, <br />which was approved by the City Council on July 24, 2007. A final plat and final site plan were <br />submitted for the revised Ramsey Town Center 6th Addition in February of 2008 and the name of <br />the revised plat was changed to Gables Terrace. The final plat and site plan were originally <br />scheduled for a Council agenda this past March. The applicants requested a postponement of the <br />case. In July of 2008, the Applicants requested that the Gables Terrace be granted an additional <br />extension of final plat which the Council granted for a term of six months. <br />1 <br />The City received an email from the developer d ed D cember 17, 2008esting another six <br />month extension to file for final plat approval. <br />The following items are included for you �� <br />a) Site Location Map -, <br />a. EN, <br />b) Approved Preliminary Site Plan for Gables Terrace (RTC 6th Addition) <br />c) Resolution to grant/deny D.R. Horton, Inc. request for an extension to submit a final plat <br />for the Gables Terrace subdivision. <br />Funding Source: ` <br />All staff costs associated with the exte are the responsibility of the developer. <br />Observations: <br />The current state of the real estate market has caused many developers to substantially delay <br />their residential projects and in some cases completely abandon their projects. This is a project <br />with potential to continue to move forward and staff would like to continue to facilitate that. <br />There are several issues with regard to the Master Development agreement which the Developer <br />and the City are currently trying to work through. We have been corresponding regularly with <br />the Developer and continue to work towards a solution. <br />Recommendation: <br />City Staff recommends approval of a six month extension to June 6, 2009 for the developer to <br />submit a final plat application. <br />