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HomeMy WebLinkAboutItem 06.i Date: Item No. LEE LAKE SUBDIVISION DEVELOPMENT CONTRACT AMENDMENT Proposed Action Staff recommends adoption of the following motion: Move to approve an amendment to the Lee Lake Subdivision development contract. Overview Guardian Development of Wyoming, LLC representatives are requesting approval of an amendment to the Lee Lake Subdivision development contract. The Lee Lake Subdivision final plat of three lots and one outlot for the construction of a 120-unit apartment building, a 62,400-square foot enclosed self-storage facility, and a future multiple tenant commercial building on property located east of Lee Lake, west of I- 35 and south of 162nd Street (CSAH 46) was approved by the City Council on July 17, 2017. The amendment modifies the wording of one of the special provisions requirements of the development contract concerning the removal of the billboard on the subject property. The approved development contract requires removal of the billboard prior to the issuance of any building permits. The developer has a lease with Lamar Advertising Company through February 28, 2018. Lamar has agreed to remove the billboard by February 28, 2018 as stated in their September 8, 2017 letter. The developer would like to start construction on the apartment building in the next couple of weeks so they have requested that removal of the billboard be required prior to the issuance of a temporary or full certificate of occupancy instead. Primary Issues to Consider None Supporting Information • Signed development contract amendment • September 8, 2017 letter from Lamar Advertising Co. Financial Impact: $ Budgeted: Y☐ N☐ Source: Related Documents: (CIP, ERP, etc.): Envision Lakeville Community Values: A Home for All Ages and Stages of Life Report Completed by: Daryl Morey, Planning Director September 18, 2017 Subdivision and Zoning Ordinances