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3.4 Prairie View Estates ExtensionP O tsTy F o MINNESOTA V DEPARTMENT INFORMATION Request for City Council Action ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Planning City Planner Licht 26 July 2021 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.4 Prairie View Estates Extension STRATEGIC VISION MEETS: I THE CITY OF OTSEGO: ARE YOU SEEKING APPROVAL OF A CONTRACT? Is a strong organization that is committed to leading the community through innovative communication. No Has proactively expanded infrastructure to responsibly provide core services. BACKGROUND/JUSTIFICATION: Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. X Is a social community with diverse housing, service options, and employment opportunities. Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: City staff recommends approval of an extension of the final plat approval for Prairie View Estates. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The City Council approved a final plat and execution of a development contract at their meeting on 10 May 2021 for the proposed Prairie View Estates development. Section 10-5-3.13.8 of the Subdivision Ordinance requires that the final plat be recorded within 100 days of City Council approval, unless an extension is approved by the City Council. This deadline is 18 August 2021. The developer, Prairie View, Inc, is requesting an extension to 10 May 2022 to execute the development contract and record the final plat. The extension is necessary due to the unexpected passing of one of the owners of the project. SUPPORTING DOCUMENTS ATTACHED: ■ None POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE ITTO APPEAR IN THE MINUTES: Motion to approve an extension to record the final plat of Prairie View Estates to 10 May 2022 subject to the payment of development fees in accordance with the Fee Schedule in effect at the time the Development Contract is executed and the developer's escrow account being brought current. BUDGET INFORMATION FUNDING: BUDGETED: N/A N/A