02/14/2000 Council Packet - Laserfiche WebLink

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• AGENDA ITEM 6 G STAFF ORIGINATOR: Jeff Smyser C. C. MEETING DATE: February 14, 2000 TOPIC: -Final Plat, Lino Lakes Commercial Development JADT Development Group Northeast Quadrant, Lake Drive and I -35W CITY COUNCIL ACTION: 3/5 vote BACKGROUND The City Council approved the preliminary plat in April 1999. In order to approve a final plat, the City normally requires the following: 1. Final plat drawing that substantially conforms to the approved preliminary plat 2. Complete development agreement 3. Financial securities as described in the development agreement 4. Title commitment approval by City Attorney • 5. Conditions of approval must be met (the conditions approved at time of preliminary plat approval) 1. Final plat drawing that substantially conforms to the approved preliminary plat. The staff report of April 26, 1999 stated the following (refer to Attachment A, Detail of Preliminary Plat): "...Land to be included in the PDO includes only Parcel 2, Parcel 3, and Parcel 4 on the preliminary plat, sheet 4/10. The preliminary plat creates three new parcels: Block 1 Lot 1, Outlot A, and Outlot C. These provide for a site for a McDonald's restaurant, the first part of Apollo Drive, and a private road." The submitted final plat (Attachment B) shows some differences. First, the Apollo Drive alignment is slightly different. This is because the final plat uses the alignment supplied by the City. This slight adjustment in a road alignment is not a concern. More importantly, the final plat creates additional outlots. Instead of three outlots, there are now five. The reason for this is that the developer encountered difficulties acquiring a mortgage for all the property. The final plat breaks the property up in a way that allows the developer to obtain a mortgage on a portion of the site.