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Item No: 7B <br />Meeting Date: February 22, 2010 <br />Type of Business: Action <br />City Administrator Review: ________ <br /> <br />City of Mounds View Staff Report <br /> <br />To: Honorable Mayor and City Council <br />From: Heidi Heller, Planning Associate <br />Item Title/Subject: Resolution 7580, Reapproving the Final Plat and <br />Development Agreement for the “Select Senior Living” <br />Development; <br /> <br /> <br />Introduction: <br /> <br />On October 27, 2008, the City Council passed Resolution 7347, which approved the <br />final plat and development agreement for the Select Senior Living development. This <br />was the last of the Council actions required in order for the project to move forward. Per <br />city code, an applicant has 120 days to record the plat with Ramsey County, and if the <br />recording does not happen within this timeframe, the plat approval is void. The code <br />also states that the plat can be reapproved and the applicant given up to another 120 <br />days. Due to the shakeup within the banking industry, Select Senior Living was not able <br />to start the project within the allowed 120 days and their final plat and development <br />agreement approval became void. <br /> <br />On July 13, 2009 and October 26, 2009, the City Council re-approved the final plat and <br />development agreement for this project for an additional 120 days. The applicant <br />anticipates receiving a financing commitment from a new lender soon and will then <br />move forward with this project. Select Senior Living is again asking for a 120 day re- <br />approval of the final plat and development agreement which would expire on June 22, <br />2010. <br /> <br /> <br />Chapter 1202.07: Final Plat Approval Procedure <br /> <br />Subd. 4. Recording of Final Plat: If the final plat is approved, the subdivider shall, within <br />one hundred twenty (120) days, record it with the County Register of Deeds or <br />Registrar of Titles and, within ten (10) days of recording, furnish the City with a <br />reproducible copy of the final plat showing evidence of the recording; otherwise, the <br />approval of the final plat shall be void, and the Clerk-Administrator shall so notify <br />the County Register of Deeds or Registrar of Titles.