Adopt Resolution #13-11-209 Granting Final Plat Approval of COR TWO NORTHSTAR; Case of Sophia-Ramsey, LLC

Attached for the City Council's consideration is a Final Plat for COR TWO NORTHSTAR, which was originally part of the COR TWO Plat. The original Final Plat was originally approved on August 13, 2012.However, the proposed Lots 1 and 2 (existing lots) were not included in the current version of COR TWO, as Sophia-Ramsey chose not to proceed at that time due to financing and tax purposes. Sophia-Ramsey, LLC has now submitted a plat to complete the remainder of the original COR TWO plat. No additional lots are being created; in fact, the number of parcels is being consolidated.

No notification required at this time. The revised Plat is consistent with past approvals.

The City Council previously granted Final Plat Approval to COR TWO in 2012. At that time, the plat included reconfiguration of Lots 1 and 2, Ramsey Town Center 3rd Addition. The Ramsey Town Center 3rd Addition is more commonly known as Northstar Marketplace or the Coborn's anchored retail center. Due to timing of the plat and associated tax requirements, the owners of Lots 1 and 2 have requested a delay to recording the plat of COR TWO.

The current plat removed the Sophia-Ramsey lots, but created two (2) new outlots that will now be included in COR TWO NORTHSTAR that will bring the plat to it's originally planned configuration.

Approval of the Plat shall be contingent upon a correction to the drainage and utility easement description to remove any encroachment of the Coborn's building. This adjustment is minor.

The Planning Commission recommended approval of the original COR TWO Plat. City Staff recommends approval of the current plat. The revised configuration appears to be consistent with the original Planning Commission recommendation and is within the acceptable timeframe to record a final plat following preliminary plat approval.

All costs associated with the Application are the responsibility of the Applicant.

Motion to adopt Resolution #13-11-209 granting Final Plat Approval to COR TWO NORTHSTAR, contingent upon a modification to the drainage and utility easement along the southerly property line to remove an encroachment of the Coborn's building from the proposed easement.