Agenda Packets - 2011/06/13 - Laserfiche WebLink

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Item No: 7E Meeting Date: June 13, 2011 Type of Business: Action City Administrator Review: ________ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Heidi Heller, Planning Associate Item Title/Subject: Resolution 7800, Reapproving the Final Plat for the “Select Senior Living” Development Introduction: Mr. Joel Larson, representing Select Senior Living, is requesting that the City Council reapprove their final plat for another 120 days. This reapproval of the final plat would expire on October 11, 2011. Background: On October 27, 2008, the City Council passed Resolution 7347, which approved the final plat and development agreement for the Select Senior Living development. This was the last of the Council actions required for the project to move forward. Per city code, an applicant has 120 days to record the plat with Ramsey County, and if the recording does not happen within this timeframe, the plat approval is void. The City Code also states that the City Council can re-approve the plat and give the applicant up to another 120 days. Due to the shakeup within the banking industry, Select Senior Living was not able to record the plat within the allowed 120 days and so their approval became void. Since the project’s final approvals in October 2008, the developer, Joel Larson, has been diligently working towards completing this development. Select Senior Living is committed to Mounds View, but project delays continue because of the difficulty of obtaining development loans in the current financial market. The City Council has re- approved the final plat for this project six times since the original final plat approval. On December 13, 2010, the City Council approved issuing temporary housing revenue bonds for this project. Mr. Larson hopes that the financing for this project can be completed soon . Chapter 1202.07: Final Plat Approval Procedure Subd. 4. Recording of Final Plat: If the final plat is approved, the subdivider shall, within one hundred twenty (120) days, record it with the County Register of Deeds or Registrar of Titles and, within ten (10) days of recording, furnish the City with a reproducible copy of the final plat showing evidence of the recording; otherwise, the approval of the final plat shall be void, and the Clerk-Administrator shall so notify the County Register of Deeds or Registrar of Titles.