ITEM #: 5. DATE: 03/20/2023 AI #:1385 |
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CITY COUNCIL ACTION REPORT
SUBJECT: |
FINAL PLAT
FOR COTTON LANE COMMERCE CENTER
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STAFF PRESENTER(S): |
Steve Scinto, Deputy Director of Development Engineering |
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OTHER PRESENTER(S): |
Martin Hazine, Hunter Engineering
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SUMMARY |
A Final Plat subdividing approximately
67
acres into
2
lots at the intersection of
W. Elwood Street
and
S. Cotton Lane
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RECOMMENDATION |
Approve the Final Plat for
Cotton Lane Commerce Center
. (Stephen Scinto, Deputy Director of Development Engineering) |
STIPULATIONS |
- Any technical corrections to this final plat required by the City Engineer or his designee shall be made prior to the recordation of the Final Plat;
- Prior to recordation of the Final Plat for Cotton Lane Commerce Center, Owner shall submit an updated title report for the property included within such final plat (the “Property”) and shall modify this plat to reflect the current ownership and current lender including on the final plat a Lender Consent and Subordination in a form approved by the City Attorney or his/her designee for all lenders with a security interest in the property being platted herein.
- Prior to recordation of the Final Plat, documentation acceptable to the City Attorney or his/her designee shall be provided demonstrating that the party executing the final plat is authorized to do so.
- No building permits shall be issued for any structure within the Property until the existing water line located within the license/easement recorded in the Official Records of Maricopa County as Instrument No. 1992-0747992 has relocated, as approved on the Improvement Plans, and the existing water line license easement, recorded in the Official Records of Maricopa County as Instrument No. 1992-0747992 has been terminated.
- Prior to recordation of the Final Plat, the resolution no. 2023-2298,
authorizing the establishment of public right of way for the development of a portion of S. Cotton Lane shall be recorded with the Maricopa County Recorder.
- Prior to recordation of the Final Plat, the resolution no. 2023-2299,
approving and authorizing the execution of quit claim deed conveying remnant parcel to Cotton Land Commerce Park, LLC, shall be executed.
- Prior to recordation of the Final Plat, Owner is responsible for an in-lieu payment for one-half the cost of a full median and one-half the cost of full-median landscaping for the median that is to be installed within the section of S. Cotton Lane along or adjacent to the frontage of the Property. The in-lieu payment for the median and landscaping shall be based on the actual cost of the improvements if previously completed by others or based on the estimated cost of the improvements as determined by the City Engineer or designee.
- Prior to recordation of the Final Plat, Owner is responsible for the payment for a proportionate share of the costs for adjacent traffic signals. The payment shall be based on the actual cost of the traffic signal if it has been constructed or if the payment is required before the signal is constructed it shall be based on the estimated cost of the traffic signal as determined by the City Engineer or designee. Owner’s traffic signal obligations are as follows:
- 25% at W. Elwood Street and S. Cotton Lane
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FISCAL IMPACT |
Although a fiscal impact analysis has not been conducted on this specific project, all new development will have an ongoing fiscal impact on the City. The development is responsible for construction of all infrastructure necessary to serve the site and will generate one-time revenue for the City through payment of permits, construction sales tax and development impact fees. Longer term fiscal impacts include increased demands for municipal services, the costs of which may or may not be offset by increased property values/tax levies, city sales tax, state shared revenues and the increased demand for commercial and retail development. Any areas that will be maintained by the city are constructed by the developer and then conveyed to the city two years after construction. |
BACKGROUND AND PREVIOUS ACTIONS |
The subject property is a part of the El Cidro Final PAD. The El Cidro Final PAD was last amended on August 18, 2019, with City Council adoption of Ordinance No. 2018-1387. The subject property has been previously subdivided as Lot 2 of a Minor Land Division for Cotton Lane Commerce Park, recorded on November 15, 2016, with Maricopa County Recorder number 2016083031, Book 1298 Page 23. |
STAFF ANALYSIS |
The proposed subdivision is consistent with the General Plan and will not adversely impact the surrounding area. Further, the proposed subdivision is consistent with the technical requirements of the city’s subdivision regulations and engineering standards, and provides for the orderly development of the property by identifying the required infrastructure needed to serve the development. |
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