7.3. SR 03-15-2021 - Laserfiche WebLink

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Adopt, by motion, a resolution approving the plat of The Delta upon condition that the plat will not be recorded until all conditions of approval for the associated CUP (CU 21-03) have been satisfied. Background/Discussion Case Nos. - ZC 21-01, CU 21-03, EV 21-02, & PE 21-01 The applicant, Stonewood Development LLC, is proposing to establish a high -density PUD that includes two 89- unit buildings. The project would be constructed in two phases, the first of which includes demolition of the former Saxon Motors building. The two -phased project is reflected in the proposed plat, The Delta, which establishes two lots in place of the existing three lots included in the subject area. To establish the PUD and construct the project, the property must be rezoned to from FAST to PUD. The project also includes an easement vacation and platted exemption that will be reviewed by the City Council. The last step will be approval of a PUD Agreement that outlines the project and provides a framework for the project, which includes materials and colors, building design and architecture, and deviations from ordinance standards. Comprehensive Plan The Comprehensive Plan guides the property for high -density residential uses within the FAST plan. The project complies with the Comprehensive Plan. Park Dedication The Park and Recreation Commission recommended cash dedication for all 178 units and a trail easement along the top side of the bluff. The City Council has also directed staff to amend the city's fee schedule and ordinance to cap Park Dedication Fees for multi -family projects at $500,000. This project will benefit from that change. Easement Vacation The applicant has requested vacation of certain portions of the existing Zane Street right-of-way. The vacation will facilitate development of a new cul-de-sac south of Elk River Residential Suites and improvements on the subject site. The applicant has also requested vacation of all existing drainage and utility easements to clean-up the site for development. Required easements, including those that preserve access to existing infrastructure, will be recorded as part of the new plat, The Delta. Applicable Regulations Easement Vacation Right-of-way and drainage and utility easements can only be approved if the City Council determines the vacation to be in the public benefit. The right-of-way vacation does not vacate an entire street, nor does it eliminate access that already exists. Instead, the vacation supports development of a cul-de-sac at the end of Zane Street, improving mobility for all uses along this segment of the street, and accommodates development of the unique site. The street vacation is in the public benefit. Vacation of the drainage and utility easements facilitates development of the subject parcel and all required easements will be dedicated with the new plat. Platted Exemption The applicant has applied for a platted exemption that combines three existing parcels into two, facilitating development of the two -phased Riverwalk project. City ordinances do not require a plat for a reduction in the number of lots as it does not meet state requirements for a subdivision of land. However, combining parcels