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HomeMy WebLinkAboutItem 06.gApril 30, 2012 Item No. MAY 7, 2012 CITY COUNCIL MEETING TULLAMORE PRELIMINARY PLAT EXTENSION Proposed Action Staff recommends adoption of the following motion: Move to approve a one -year extension for the Tullamore preliminary plat. Adoption of this motion will extend the timeframe for the submittal of a final plat application by one additional year. Overview Thomas Farber, Assistant Vice President at Wells Fargo Bank is requesting a one year extension for the Tullamore preliminary plat. Wells Fargo Bank acquired the property through foreclosure from Insignia Development, LLC and Lakeville Partners, LLC. The City Council previously approved extensions of the preliminary plat on August 31, 2006, April 7, 2008, April 20, 2009, May 3, 2010 and May 4, 2011. The Tullamore preliminary plat, which was approved by the City Council on June 19, 2006, consists of 148 single family Tots on land located north of 170 Street and west of Pilot Knob Road (CSAH 31). U.S. Home Corporation (DBA Lennar) recently submitted an application for a 52 final plat within the Tullamore preliminary plat. The final plat is expected to come before the City Council for consideration in the next few weeks. Planning Department staff recommends that the City Council grant an extension for the Tullamore preliminary plat until May 6, 2013. Primary Issues to Consider • What will happen to the Tullamore preliminary plat approval if the extension is not granted? The preliminary plat would become null and void. Any future development of the property would be required to start over with a new preliminary plat application. Supporting Information • March 6, 2012 letter from Wells Fargo Bank • A• proved TuI)arn re preliminary plat L z socia Frank Dempsey, AICP, Planner Financial Impact: $ None Budgeted: Y/N Source: Related Documents (CIP, ERP, etc.): Subdivision Ordinance Notes: ELLS FARGO Wells Fargo Bank, National Association Commercial ORE 333 Market Street 17 Floor MAC A0119 -170 San Francisco, CA 94105 March b, 2012 VIA EMAIL: fdempsey ci.lakeville.mn.us Mr. Frank Dempsey City of Lakeville 20195 Holyoke Avenue Lakeville, MN 55044 Dear Mr. Dempsey: Telephone: (415)371 -3212 Facsimile: (415) 371 -3210 Re: Tullamore Subdivision, Northwest Comer of Pilot Knob Road and 170 Street West, Lakeville, Minnesota Wells Fargo Bank, National Association respectfully requests that the City of Lakeville extend the preliminary plat approval period for the Tullamore Subdivision for another year to May 4, 2013. Thank you in advance for your consideration. Very truly yours, WELLS FARGO BANK, NATIONAL ASSOCIATION By: Thomas Farber Assistant Vice President cc. Daryl Morey (via email: dmorey @ci.lakeville.us) Jared A. Steinberg (via email) ' off'$. o.mom m.. FiELDSTON= CREEK i t RSTIT p IVtli is tt is 170TH r STREET E 0 F >• mums COVIRS)Qf!/PRIZIMIIT/RT PLAT nie • �� D � -4 NEDLUND Wm, MSC (MI) ire -eeor 71011 ®IarDwv awllrly Pb rn o+ al. rem 1 4 403.41100 he �l�i��r b����� �4�Y• �iY ib llrmr4 WY���r 1Y1�MY - o.le- iOy D. UMW. U1. 110. 110. 14370 IMMO 60S OR M