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CC Regular Session 4. 7. <br />Meeting Date: 07/10/2018 <br />By: Chris Anderson, Community <br />Development <br />Information <br />Title <br />Adopt Resolution #18-135 Releasing the Property at 8390 Riverdale Drive NW from the Alpaca Estates 4th <br />Addition Development Agreement; Case of Shorewood RV <br />Purpose/Background: <br />Shorewood RV, operating at 8390 Riverdale Drive NW, is in the process of selling to Lazy Days RV. As part of the <br />due diligence prior to closing, Staff has received a request for either a Certificate of Completion relating to or a <br />Release from Development Agreement for the Alpaca Estates 4th Addition Development Agreement, which is <br />recorded against the four (4) parcels being acquired (PID #s 29-32-25-13-0004, 29-32-25-13-0005, <br />29-32-25-13-0006, and 29-32-25-13-0007, together the "Subject Properties"). The Plat and Site Plan were approved <br />in 1997 and it appears that all required improvements in the Development Agreement have been satisfied. The <br />request is intended to simply get confirmation that there are no other obligations from that Development Agreement <br />that would be applicable to the Subject Properties. The Development Agreement essential outlined the required <br />improvements for the initial development of the plat (streets, stormwater ponds, etc.) and payment of development <br />fees. <br />Note that one of the four pacrels is an outlot and thus, any future improvements there would first require a platting <br />into a lot and block. That platting process would trigger a new Development Agreement to summarize exactly what <br />improvements were to be installed and whose responsibility those would be. <br />Notification: <br />Notification is not required. <br />Funding Source: <br />This request is being handled as part of Staffs normal duties. <br />Recommendation: <br />Staff recommends granting the Release from Development Agreement for Alpaca Estates 4th Addition for Lots 1-3 <br />Block 1 (inclusive) and Outlot A. <br />Action: <br />Motion to adopt Resolution #18-135 releasing the Development Agreement for Alpaca Estates 4th Addition on the <br />Subject Properties. <br />Attachments <br />Site Location Map <br />Recorded Development Agreement <br />Recorded Plat of Alpace Estates 4th Addition <br />Release from Development Agreement <br />Resolution #18-135 <br />