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June 9, 2015 Item No. ______
PARTIAL RELEASE OF DEVELOPMENT CONTRACTS AND PUD AGREEMENTS
JUNE 15, 2015 CITY COUNCIL MEETING
PROPOSED ACTION
Staff recommends adoption of the following motion: Move to approve the partial
release of the development contracts and planned unit development agreements
recorded against the plats of Timbercrest at Lakeville and Timbercrest at Lakeville 4th
Addition.
Adoption of this motion will release the property owner of Lot 1, Block 1, Timbecrest at
Lakeville 7th Addition (SuperAmerica) from the development contract and planned unit
development agreement recorded against the property title for Timbercrest at Lakeville
and Timbercrest at Lakeville 4th Addition.
OVERVIEW
The purchaser and developer of Timbercrest at Lakeville 7th Addition is requesting the
release of the development contracts and planned unit development agreements recorded
the title of the subject property. Staff has determined that the developer has met all
requirements and obligations of the contracts and agreements approved in 2001 and 2006
for Timbercrest at Lakeville and Timbecrest at Lakeville 4th Addition. The City Attorney has
drafted the partial release forms. The City Council approved the preliminary and final plat
of Timbercrest at Lakeville 7th Addition and a conditional use permit for a SuperAmerica
convenience store and car wash on April 20, 2015.
PRIMARY ISSUES TO CONSIDER
How will the release of development contract affect the remaining undeveloped parcels in
Timbercrest at Lakeville 4th Addition? Timbercrest at Lakeville 4th Addition re-platted Outlot F,
Timbercrest at Lakeville. The remaining Outlot within Timbercrest at Lakeville 4th Addition will
remain in full force and effect of the Timbercrest at Lakeville 4th Addition development contract
and planned unit development agreement.
SUPPORTING INFORMATION
◊ Release of development contract and planned unit development forms
◊ Timbercrest at Lakeville, 4th Addition and 7th Addition final plats
Frank Dempsey, AICP, Associate Planner
Financial Impact: $ None Budgeted: Y/N ____ Source: ___________________________
Related Documents (CIP, ERP, etc.): __________________________________________________________
Envision Lakeville Community Values: Providing Diversified Economic Development_________________