Loading...
HomeMy WebLinkAbout2021-06-07-J05 Development Agreement_Castle Productions AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: June 7, 2021 AGENDA ITEM: Consideration of approval of a resolution approving a Development Agreement with Castle Productions, LLC (Castle Ranch) FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: The City Council has recently approved the rezoning for Castle Ranch which is a 10 acre single family residential subdivision located north of the Fox Valley development on the west side of Warrior Lane. In order to develop the property, certain public utilities including water main and sanitary sewer need to be extended including the extension of utilities across the neighboring property owner to the south (Brcka property). Staff has prepared a development agreement, which defines the obligations of both the City and developer related to the development of the property. The agreement includes provisions related to utilities, road improvements and parkland dedication among other things. Per the agreement, the City would be obligated to extend sanitary sewer to serve the site by December 31, 2021 and complete an asphalt overlay along Warrior Lane by November 30, 2021. In exchange, the developer agrees to final plat a minimum of 20 residential lots by June 30, 2022. The sanitary sewer and asphalt projects have been programmed in and budgeted for in 2021. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: Staff would recommend approval of the development agreement. RECOMMENDATION: Approve the resolution ATTACHMENTS: I. Proposed Resolution II. Development Agreement PREPARED BY: Brad Deets, Development Services Director REVIEWED BY: J5 THE CITY OF WAUKEE, IOWA RESOLUTION 2021- APPROVING DEVELOPER’S AGREEMENT FOR CASTLE RANCH [CASTLE PRODUCTIONS, LLC] IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, the City Council has previously approved the rezoning of a property to be known as Castle Ranch (Ordinance 2981) located west of Warrior Lane and north of Hickman Road; AND, WHEREAS, the City has been in discussion with the developer, Castle Productions, LLC, regarding certain obligations of both the City and the developer related to public improvements and requirements of the subdivision; AND, WHEREAS, the discussions have resulted in a development agreement that the City Staff believes are in the best interest of the City to approve. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee, Iowa, that the Developer’s Agreement with Castle Productions, LLC is hereby approved. BE IT FURTHER RESOLVED that the Mayor is authorized to execute any and all documents to effectuate the development agreement, and that the City Clerk shall cause the originals of the agreement to be recorded upon the properties by submitting the original to the D allas County Recorder with the appropriate recording fees. Passed by the City Council of the City of Waukee, Iowa, and approved this the 7th day of June, 2021. ____________________________ Courtney Clarke, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair