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STAFF REPORT <br /> DATE: March 19, 1996 <br /> TO: Planning Commission Members <br /> FROM: Kim Moore-Sykes, Management Assistant <br /> ITEM: Subdivision of Land - Replatting of 3700 Foss Road, <br /> Preliminary Plat <br /> BACKGROUND: <br /> Mike Miller, owner and partner of Chandler Place and St. Anthony Care Center, 3700 <br /> Foss Road is requesting that Lots 8, 9, 10, 11, 12, and 13 that make up this property be <br /> replatted to form two lots, proposed Lots 1 and 2. This request is being made primarily to <br /> avail himself and the partnership of lower bond interest rates for Chandler Place. Initially, <br /> the plan was to combine the lots into one large lot, but drawings for an addition being <br /> planned to the St. Anthony Care Center can not be completed in time to meet the <br /> deadline for the refinancing.requirements of HUD. <br /> RECOMMENDATION: <br /> Staff recommends the approval of the proposed subdivision of land. Not only will <br /> replatting allow the partnership to take advantage of lower bond interest rates, it will allow <br /> for the creation of lots that conform to the lot requirements of the City Code. This <br /> recommendation is based on the condition that the owners provide a final plat according <br /> to the requirements of the City Ordinance for consideration by the City Council at the <br /> March 26th City Council meeting. <br />