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6.1 Villas at KC Final Plat Extension (added) Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Planning City Planner Licht 11 October 2021 PRESENTER(s) REVIEWED BY: ITEM #: City Planner Licht City Administrator/Finance Director Flaherty 6.1 - Villas at Kittredge Crossings STRATEGIC VISION MEETS: THE CITY OF OTSEGO: X Is a strong organization that is committed to leading the community through innovative communication. Has proactively expanded infrastructure to responsibly provide core services. 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 Villas at Kittredge Crossings. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The City Council approved a PUD Development Stage Plan, preliminary plat, final plat and execution of a development contract at their meeting on 22 March 2021 for the proposed Villas at Kittredge Crossings development. Section 10-5-3.B.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 was 30 June 2021. The developer, Otsego’s Finest Homes, LLC, requested extensions to 30 August 2021 and 30 September 2021 to execute the development contract and record the final plat. The developer is requesting an additional extension to 31 October 2021 related to finalizing the project financing. City staff understands that the developer closed on the financing on 9 October 2021 and we expect that the mylars and development agreement to be finalized and recorded in the next two weeks. SUPPORTING DOCUMENTS ATTACHED: ▪ None POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve an extension to record the final plat of Villas at Kittredge to 31 October 2021. BUDGET INFORMATION FUNDING: BUDGETED: NA