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Staff recorded the Development Agreement on July 3, 2025, and the Developer submitted <br />applications for City Building and Grading and Erosion Control Permits on July 10, 2025. <br />City code Section 1355.06 lists conditions for approval of conditional use permits and planned unit <br />developments. Subdivision 1 states, "any work involved or required by an approved application will <br />be commenced within one (1) year after such approval and conclude within one year of the issuance <br />of a building permit or commencement of work if a building permit was not required." Subdivision <br />3 states, "Approval shall automatically expire and become void one (1) year from and after the date <br />on which the City Council granted such approval if the building permit or other approved <br />improvements have not been issued a permit by the building inspector. The City Council may extend <br />the expiration date of such approval upon written application by the person to whom the approval <br />was granted." <br />One year from and after the date which the City Council granted approval for Planning Case 24-018 <br />is January 13, 2026. The Developer requests a six-month extension to receive the building permits <br />in writing, as required (Attachment A). The developer is still in the process of closing on both the <br />construction loan for the development and the land purchase. Staff supports the rationale for the <br />request. <br />Budget Impact <br />M1.11 <br />Attachment <br />A. Request for Extension <br />B. Development Agreement <br />Page 2 of 2 <br />