2008-007 Council Resolution - Laserfiche WebLink

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Streets: Stage Coach Trail is already in place for the majority of the site and will be connected fully with the Grandview project to the south. A sidewalk is shown on the east side of the street within the right of way. This must be continued to the southern boundary of the plat. Conservation Easement: A Conservation Easement was supplied by the developer for Marshan Meadows and will govern the development of both of these lots. Park Dedication: There is no land dedication needed, as Marshan Park is nearby, so the typical park dedication fee will be collected with the Development Agreement. Utilities: Sanitary sewer and water are located within Stage Coach Trail and both lots will be required to connect. The drainage and utility easement indicated on the south property line of Lot 2, Block 1 is depicted at 10 feet in width. This is in excess of what is needed for the city, which is 5 feet in width. This reduction may allow the developer to shift garage footprint closer to the property line thereby increasing the building area on the lot. This must be changed prior to the city signing and releasing the final plat mylar for the project. Grading: The grading plan has been reviewed by the City Engineer and his comments will need to be addressed to his satisfaction prior to the site being developed. The grading plan acknowledges the Grandview project that was approved by the city earlier this year, and the two developers are cooperating to guarantee that both projects work seamlessly together. Planning and Zoning Board: At the December 12, 2007 regular meeting the board voted unanimously to recommend approval of the project based on the conditions provided by staff. • DEVELOPMENT AGREEMENT The Marshan Meadows 2nd Addition is a lot spilt of Lot 1 Block 1 of the Marshan Meadows Addition. The lot splitting will create two parcels that already have sanitary sewer, storm sewer, street and watermain improvements available to them. One parcel has been assessed with the Marshan Meadows Project and the newly split parcel will be assessed within the attached Marshan Meadows 2nd Addition development contract. This lot spilt was made possible by the construction of the Grandview project. In accordance with the preliminary plat approval and City policy, staff has prepared a Development Contract. The contract provides for the following: 1. Submittal by the developer of a Letter of Credit in the amount of $2,200.00 representing 35 percent of the City improvement costs to insure completion of the project in accordance with the approved plans. 2. Deposit of a cash escrow in the amount of $3,800 to reimburse the City for costs incurred by the City related to the development and improvements of the site. Bruggeman Properties, LLC. has reviewed the contract and is aware of the conditions set forth. •