Consent - Erik Thorvig, Community Development Director
Title
Title
Releasing Lot 1 Block 1, Outlot A, Outlot B, Lexington Meadows 5th Addition from Recorded Development Agreement (Case File No. 21-0078/SLK)
end
Executive Summary
This is a request from Wellington Management, Inc. to release old development agreements from the title for the Lexington Meadows development. The old development agreements no longer apply to Lot 1 Block 1, Outlot A, Outlot B Lexington Meadows 5th Addition.
Background
Staff report prepared by Shawn Kaye, Associate Planner
The City is requested to release specific lots from recorded development agreements on a fairly regular basis. In this instance, the developer of Lexington Meadows 5th Addition has requested that the City release Lot 1 Block 1, Outlot A, Outlot B Lexington Meadows 5th Addition from the recorded development agreements for Lexington Meadows and Lexington Meadows 2nd Addition.
The parcels proposed to be released are for the Lexington Meadows apartments and two outlots for future development. All of the development agreement responsibilities for these parcels have been met and the lots can be released. Lexington Meadows apartments and future development on the outlots will submit a Site Improvement Performance Agreement (SIPA) and financial guarantee to cover the cost of the site work specific to their site prior to any work being performed on the site.
The City Council must adopt a resolution that authorizes the Mayor and City Clerk to execute the release.
Strategic Plan Relationship
Not applicable.
Board/Commission Review
Development agreement releases do not require a public hearing or Planning Commission review.
Financial Impact
Not applicable.
Public Outreach/Input
Not required.
Staff Recommendation
By motion, adopt the resolution.
Attachment List
Zoning and Location Map
Release Document
Body
WHEREAS, Lot 1 Block 1, Outlot A, Outlot B Lexington Meadows 5th Addition, is subject to a recorded Development Agreement and;
WHEREAS, the property owner has requested the City to release said lot from the recorded development agreement recorded as Document No. 2211134.007 Abstract (recorded October 10, 2018) and Document No. 2240460.004 Abstract (recorded October 3, 2019) and;
WHEREAS, the City has determined that there are no outstanding development issues related to said lot and therefore no further purpose for the agreements.
NOW, THEREFORE, BE IT RESOLVED, that the Blaine City Council authorizes the Mayor and City Clerk to execute all necessary documents releasing said Development Agreement for the following described property:
Lot 1 Block 1, Outlot A, Outlot B Lexington Meadows 5th Addition
PASSED by the City Council of the City of Blaine this 15th day of November, 2021.