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CC Regular Session 5. 10. <br />Meeting Date: 01/10/2023 <br />By: Brian McCann, Community Development <br />Information <br />Title <br />Adopt Resolutions #23-004 and #23-005 Approving the Final Plat and Development Agreement for Rivenwick <br />Village 4th Addition (Project No. 22-109); Case of LGI Homes <br />Purpose/Background: <br />The purpose of this case is to consider Final Plat and Development Agreement Approval for Rivenwick Village <br />4th Addition by LGI Homes (the "Applicant"), for twenty-seven (27) attached townhomes, one common area lot, <br />and one (1) outlot for future mixed -use development on the property generally located south of Highway 10 and <br />east of Ramsey Blvd (the "Subject Property")The City Council approved the preliminary plat for this project in <br />April 2022 contingent upon the developer finalizing the final plat, compliance with Staff Review comments in <br />ProjectDox, and approval by the City Engineer and City Attorney. This last step in the phase of platting, Final <br />Plat, approves construction documents and the Final Plat Sheet for recording and legal subdivision. The next step <br />after Final Plat is a development agreement, which outlines fees and responsibilities for each party throughout <br />construction. <br />The attached development agreement is the City's standard template. The development agreement lays out fees, <br />project costs, and financial sureties that the City will take in order to ensure that the project is completed to City <br />standards. The draft Development Agreement has been reviewed by the Engineering Department, City Attorney, <br />and the Applicant. <br />Notification: <br />Notification is not required. <br />Observations/Alternatives: <br />The Final Plat for Rivenwick Village 4th Addition is consistent with the approved Preliminary Plat. <br />Funding Source: <br />The Applicant is responsible for all costs associated with the request. <br />Recommendation: <br />Staff recommends adopting Resolutions #23-004 and #23-005 Approving the Final Plat and Development <br />Agreement for Rivenwick Village 4th Addition <br />Action: <br />Adopt Resolution #23-004 Approving the Final Plat for Rivenwick Village 4th Addition <br />- and - <br />Adopt Resolution #23-005 Approving the Development Agreement for Rivenwick Village 4th Addition <br />Attachments <br />Rivenwick Village Fourth Addition - Final Plat <br />