Item 3.2 Meadows of Otsego Approving an Amended and Restarted Development Contract
Request for
City Council Action
DEPARTMENT INFORMATION
ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE:
Planning City Planner Licht 22 July 2024
PRESENTER(s) REVIEWED BY: ITEM #:
Consent City Administrator/Finance Director Flaherty
City Engineer Wagner
City Attorney Kendall
3.8 – Meadows of Otsego
STRATEGIC VISION
MEETS: THE CITY OF OTSEGO:
X Is a strong organization that is committed to leading the community through innovative communication.
X Has proactively expanded infrastructure to responsibly provide core services.
X 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 the City Council approve an amended and restated Development Contract and Planned Unit
Development Agreement.
ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED?
Yes No
BACKGROUND/JUSTIFICATION:
The final plat of the Meadows of Otsego was approved by the City Council on 23 August 2021. The developer, Citywide
Development, Inc. executed a Development Contract and Planned Unit Development Agreement related to the plat and
public and private improvements therein. Citywide Development, Inc. initiated site grading and utility work within the
plat, specifically construction of utilities within the plat.
Citywide is proposing to transfer ownership of the plan to Lennar (U.S. Home, LLC) as both the developer and builder
within the plat. The change in ownership and transfer of the responsibilities of the developer under the terms of the
Development Contract and Planned Unit Development Agreement necessitates that the Development Contract be
amended and restated to reflect the changed circumstances and work completed to date.
The City Attorney has drafted an Amended and Restated Development Contract and Planned Unit Development
Agreement to affect the assignment of the developer responsibilities from Citywide Development, Inc. to Lennar (U.S.
Home).
SUPPORTING DOCUMENTS ATTACHED:
• Amended and Restated Development Contract and Planned Unit Development Agreement
• Resolution 2024-51
POSSIBLE MOTION
PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES:
Motion to adopt Resolution 2024-51 approving an Amended and Restated Development Contract and Planned Unit
Development Agreement for Meadows of Otsego.
BUDGET INFORMATION
FUNDING: BUDGETED:
Fund 701 – Development Escrow
N/A