11-05-2018 Council Work Session Packet

Home Search

WS – Item 1 WORK SESSION STAFF REPORT Work Session Item No. 1 Date: November 5, 2018 To: City Council From: Michael Grochala, Community Development Director Re: Watermark Development Background Watermark is a master planned residential community located in the northwest quadrant of I-35E and CSAH 14/Main Street. The development is 372 gross acres and consists of a residential mix of 692 single family lots and 172 townhome units totaling 864 housing units. On June 13, 2016, the City Council approved the PUD Development Stage Plan/Preliminary Plat with Resolution No. 16-51. On September 10, 2018, Lennar submitted a Land Use Application for Watermark 1st Addition PUD Final Plan/Final Plat. At the October 1, 2018 Work Session, staff reviewed with Council the following items: 1. Watermark First Addition Final Plat, Katie Larsen a. The 1st Addition proposes 93 townhome units and 100 single family lots for a total of 193 housing units. 2. Master Development Agreement, Jay Squires 3. Plans & Specs for NE Peltier Drainage Outlet, Diane Hankee and Mike Grochala On October 10th, the Planning & Zoning Board reviewed the 1st Addition final plat and recommended Council approval with a 6-0 vote. Staff has been working with Lennar and Mattamy on details of the Master Development and 1st Addition Development Agreement. At tonight’s Work Session, staff with further discuss these agreements with Council. Council approval is scheduled for the November 13, 2018 Council meeting. Attachments 1. Watermark 1st Addition Final Plat 2. Draft Master Development Agreement (To Follow as Regular Agenda Item) 3. Draft 1st Addition Development Agreement (To Follow as Regular Agenda Item) Requested Council Direction None. Discussion Only.