2019-05-22 CC Packet - Laserfiche WebLink

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CITY OF CENTERVILLE REQUEST FOR COUNCIL ACTION l Agenda Item# Department: Requested Council Meeting Date: VIII.3.a Planning & Zoning, Engineer, Legal May 22, 2019 TITLE OF ISSUE: Old Mill Estates - Resolution Approving Final Plat and Development Agreement BACKGROUND AND SUPPLEMENTAL INFORMATION: This Development Agreement serves as the Master Agreement for a multiphase development of the Plat. It also serves as the Agreement for Phase 1 of the Development. Unique features to the agreement: - This development does not have a full plan for Phase 2 of construction. The Agreement is flexible to anticipate various plan options the developer may put into place for Phase 2. - The Park Dedication Fee will be paid on a lot by lot basis when each building permit is granted. The current fee is $3000 per lot. Staff anticipates that fee will increase within the next year. Construction will span the period over that increase. As a compromise, Staff recommends fixing the fee at $3000 per lot for the first 24 months of construction to encourage a fast buildout. COST AND SOURCE(S) OF FUNDING: No cost to the City. Costs are paid by the Developer, or reimbursed from an escrow paid by Developer. REQUESTED COUNCIL ACTION: Motion to approve Resolution 19-Oxx, making approval of the Development Agreement contingent on Staff approval of cost estimates and list of escrow items for public improvements and construction as set forth in Code Chapter 153. For Clerk's Use: SUPPORTED DOCUMENTS ATTACHED Motion By: Resolution Ordinance Contract Minutes Plan Map Second By: 19-OXX Vote Record: Ave Nay �� Lakso Other(specify) Final Plat, Development and Subdivision Love 0 Paar Agreement For Old Mill Estates Koski Montain Administration Department Use: Refer to: Consent Tabled Until: Regular Other: