Adopt Resolution #14-09-196 Approving a Development Agreement for the Plat of Rabbit Meadows; Case of Eric and Karla Thomsen

On August 26, 2014, City Council adopted Resolution #14-08-166 granting Final Plat approval to Eric and Karla Thomsen for Rabbit Meadows contingent upon compliance with the Staff Review Letter and execution of a Development Agreement.  At the time of Final Plat approval, the Applicant did not have their engineer's estimated costs for the Required Improvements completed and thus, only a draft Development Agreement was included with that case.

City Code outlines all required improvements associated with any proposed subdivision.  The purpose of the Development Agreement is to clearly identify what party is responsible for installation of the Required Improvements contractually obligates that party to complete the work in accordance with City Code and the approved plans. 

The Applicant continues to work through necessary plan revisions as outlined in the Staff Review Letter and has now provided their engineer's estimated cost of the Required Improvements related to the project.   With this information, the Development Agreement has been updated and is now ready for City Council approval.

Notification is not required for approval of a Development Agreement.

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

City Staff recommends adopting Resolution #14-09-196 approving the Development Agreement for the Plat of Rabbit Meadows.

Motion to adopt Resolution #14-09-196 approving the Development Agreement for the Plat of Rabbit Meadows.