Agenda - Council - 12/28/2006 - Laserfiche WebLink

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• ~•~r~l City will, at the reauest of Developer execute the Final Plat deliver the Final Plat to Developer's title insurer and submit to Developer's title insurer Ci 's share of anv unpaid real estate taxes due and payable in 2007 with respect to the ~eelsDevelopment Property (as determinedpursuant to the Purchase Agreement}-~~}}~ and use legal descriptions based on the Final Plat in the deed the Purchase Agreement obligates City to execute and deliver to Developer. Developer agrees that if Developer requests that the City execute the Final Plat prior to conveying the Development Property to Developer, as provided for in Section 6.4, Developer ism fer~}l yeses the subdivider for purposes of the Zoning °-a~~~--~c ~;,u tut., loo-and Subdivision Ordinance and State law 6.5 Purchase and Sale of the Development Property. City agrees to convey the Development Property to Developer and Developer agrees to purchase the Development Property from City pursuant to the terms of and subject. to the contingencies set forth in the Purchase Agreement which fide-City and Developer are executing contemporaneously. herewith. 7. Rezoning to B-3 Zoning District. 7.1 Rezoning. The Zoning and Subdivision Ordinance currently designates the Development Property as a TC-2 Zonin District. City-staff and Developer contemplate that the ; ,,~„re~D~~~~;~. ~...D~ ~. „~, „ .r 6 viauiuJ3IVi11PTII 'City will initiate roceeding_s to amend the Zoning and Subdivision Ordinance to designate the Development Property as a B-3 Business District. City staff anticipates that the City Council will act on the rezoning at the same meeting at which the City Council acts on the Preliminary Plat and the Master lap 7.2 Master Plan. As set forth in Section 9.20.28 Subd 2 of the Zoning and Subdivision Ordinance City will not errant Developer a Development Permit for anv buildings in the B-3 Zoning District until Developer has submitted the Master P an to the Criv Council and the Citv Council has approved the Master Plan. Developer must submit the Master Plan to the City for review on or before 2006. As set forth in Section 9.20.28 Subd. 3 of the Zonin an Subdivision Ordinance, the City processes the Master Plan in the same manner as a Preliminary Site Plan under Section 9.20.31 of the Zoning and Subdivision Ordinance. Specifically, the Master Plan is subject to ~.y,~, Subdivisions 4.5.6. 7 9 10 exce t for 10(ell 11 and 12 of Section 9.20.31. Developer r- ~ -~mav satisfy the reauirement fnr cnhmicc~nn of Final Plans for the Development Property to Citgand City's approval of Final Plans for the Development Property all n~:r~llant to Section 9 20 31 Subd 11 of the Zoning and Subdivision Ordmance with respect to each buildable lot the Final Plat creates and for 1974417vdoc V2 to V i 12/18/06 -133-