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1 <br /> <br />CITY COUNCIL <br />AGENDA ITEM 1K <br /> <br /> <br />STAFF ORIGINATOR: Katie Larsen, City Planner <br /> <br />MEETING DATE: June 14, 2021 <br /> <br />TOPIC: Consider Resolution No. 21-58 Approving Open Space Easement <br />for Watermark 1st, 2nd, 3rd and 4th Additions <br /> <br />VOTE REQUIRED: 3/5 <br /> <br />INTRODUCTION <br /> <br />Watermark is a 372 acre master planned residential community consisting of 692 single family <br />lots and 172 townhome units totaling 864 housing units. The Open Space Easement is required <br />per the Master Development Agreement. The Easement protects the parks, open space, <br />wetlands etc. from any land disturbance that is not consistent with the Restoration and <br />Management Plan. <br /> <br />ANALYSIS <br /> <br />Section 7.2 of the Watermark Master Development Agreement states the owner shall provide <br />the City with a perpetual open space easement. Currently, a “blanket” easement is in place that <br />covers all outlots in Watermark. As each such outlot is further subdivided, the blanket <br />easement area is re-defined with a detailed open space easement. <br /> <br />This Open Space Easement covers the following outlots: <br /> <br />1. Outlots E, G, J, M and N, Watermark 1st Addition <br />2. Outlot A, Watermark 2nd Addition <br />3. Outlot A, Watermark 3rd Addition <br />4. Outlots A, B and D, Watermark 4th Addition <br /> <br />RECOMMENDATION <br /> <br />Staff recommends Council approval of Resolution No. 21-58 Open Space Easement Agreement <br />as required by the Watermark Master Development Agreement. <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 21-58 <br />2. Open Space Easement Agreement <br />