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(1) The Planning and Zoning Board shall consider the final plat and the Community <br />Development Department shall forward the Planning and Zoning Board recommendations to <br />the City Council. The following requirements shall be met before consideration of the final plat <br />by the Planning and Zoning Board: <br />(a)The final plat shall substantially conform to the approved preliminary plat and phasing <br />plan; <br />The final plat substantially conforms with the preliminary plat. <br />(b)For plats that consist solely of individual single family residential lots, final plat <br />applications for subsequent phases shall not be approved until building permits have <br />been issued for 40% of lots in the preceding phase. This division applies only when the <br />preceding phase consists of 40 or more lots; and <br />Not applicable. This is a two (2) lot commercial subdivision. <br />(c)Conditions attached to approval of the preliminary plat shall be substantially fulfilled or <br />secured by the development agreement, as appropriate. <br />The conditions of the preliminary plat have been substantially fulfilled. Securities will be <br />required with a Development Agreement. <br />Public Land Dedication <br />The City will collect a cash fee in lieu of land dedication for commercial development with the <br />final plat. <br />nd <br />Otter Crossing South 2 Addition <br />2.00 acres x $2,725 per acre =$5,450 <br />Title Commitment <br />The City Attorney reviewed the revised title commitment and final plat and had no additional <br />comments. <br />Agreements <br />Stormwater Maintenance Agreement <br />A stormwater maintenance agreement is not required. The City pond will continue to be <br />operated and maintained by the City of Lino Lakes as it currently is in existing conditions. <br />3 <br /> <br />