03/11/2020 P&Z Packet - Laserfiche WebLink

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Application proposed wetland impacts, wetland creation, wetland restoration and upland buffer establishment. In April 2018, the developer revised the application to purchase 3.3671 acres of wetland banking credits as the proposed compensatory mitigation action. The wetland fill, impacts and mitigation (wetland bank credits) occurred within the Phase I grading limits and are complete. The establishment of the greenway corridor including wetlands, trails and open space on the north end of the Watermark development is a critical component of the project and will be developed in future phases. The Master Development Agreement details the timing, establishment and management of that corridor. An Open Space Easement has been dedicated over outlots containing wetlands, open space, stormwater ponds, berms etc. The Watermark 3rd Addition Final Landscape Plan details the location of required "Protected Open Space Area" signs. A Conservation Easement and Declaration establishing wetland buffer (both favor of RCWD) have been recorded over Wetland 17 (Outlot G, Preliminary Plat) as required by RCWD. When the lots abutting this buffer are graded in the future, these signs will be located along the rear lots lines. Development Agreement Master Development Agreement A Master Development Agreement was recorded in March 2019. The Agreement covers the entire 372 acre site and details the terms and conditions of City approvals, the Development Plans, the required public and private improvements as part of the first and subsequent phase, the standards for the timing and financing of the improvements, required HOA documents and the terms of payment. Development Agreement and Planned Unit Development Agreement The City will also require our standard Development Agreement specific to each phase of development. This agreement further details required improvements and securities. The City Engineer will draft this Agreement and it shall be approved by the City Council. Homeowner's Association (HOA) Prior to release of the final plat mylars, Lennar shall submit to the City the applicable HOA documents and annexation amendments. The City Attorney shall review and comment prior to recording. Title Commitment The City Attorney is reviewing the title commitment and final plat. Any comments shall be addressed prior to release of the mylars. 7