1g. Extend Time to File Development Contract and Final Plat Mylars for Boulder Cove - Project 06-15/Planning Case 06-10 (Simple majorite vote required)
CITY OF
CHANHASSEN
7700 Market Boulevard
PO Box 147
Chanhassen, MN 55317
Administration
Phone: 952.227.1100
Fax: 952.227.1110
Building Inspections
Phone: 952.227.1180
Fax: 952.227.1190
Engineering
Phone: 952.227.1160
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Phone: 952.227.1140
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Phone: 952.227.1120
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2310 Coulter Boulevard
Phone: 952.227.1400
Fax: 952.227.1404
Planning &
Natural Resources
Phone: 952.227.1130
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1591 Park Road
Phone: 952.227.1300
Fax: 952.227.1310
Senior Center
Phone: 952.227.1125
Fax: 952.227.1110
Web Site
www.ci.chanhassen.mn.us
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MEMORANDUM
TO:
Todd Gerhardt, City Manager
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Paul Oehme, Director of Public Works/City Engineer y (' 10-
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July 28, 2008
FROM:
DATE:
SUBJ:
Extend Time to File Development Contract and Final Plat Mylars for
Boulder Cove- Project No. 06-15/Planning Case 06-10
(Simple Majority Vote Required)
PROPOSED MOTION:
The City Council extends the time to file the Boulder Cove Development Contract and Final
Plat to August 1,2009 contingent upon payment of cash fees in effect at the time of filing.
City Council approval requires a majority of City Council present.
On September 25,2006, City Council approved the final plat, development contract and
construction plans for the Boulder Cove development. On November 13,2006, City Council
extended the time to file the final plat to May 1,2007 due to unresolved issues with the legal
description of the parent parcel. On April 3, 2007, the developer sent staff an email stating
that these issues remain unresolved and requested that the time to file the final plat be
extended to August 1, 2008. The City Council approved the requested extension on
August 13,2007.
On July 8, 2008, the developer sent staff a letter requesting that the time to file the final plat
be extended to August 1,2009, to allow him sufficient time to secure financing for the
project.
The developer acknowledges that the cash fees collected with the final plat will be updated
to reflect those in effect at the time the development contract is to be filed.
Once construction on the project is about to commence, staff will send a notice to residents
adjacent to the project.
Staff recommends that City Council extend the time to file the Boulder Cove Development
Contract and Final Plat to August 1,2009, contingent upon payment of cash fees in effect at
the time of filing.
Enclosure:
Letter from Roger Derrick date July 8, 2008.
c:
Sharmeen AI-Jaff, Senior Planner
Roger Derrick, Cottage Homesteads at Boulder Cove
G:\ENG\PROJECTS\A-E\Boulder Cove\extend filing time 07-28-08.doc
Chanhassen is a Community for Life. Providing for Today and Planning for Tomorrow
Cottage Homesteads at Boulder Cove, LLC
-
Cottage Homesteads at Boulder Cove, LLC
7300 Metro Blvd., Suite #360
Edina, MN 55439
952.830.0161
Fax: 952.831.1215
July 8, 2008
Ms. Sharmeen AI-Jaff
City of Chanhassen
Planning Department
7700 Market Blvd
PO Box 147
Chanhassen MN 55317
Dear Ms. AI-Jaff,
Cottage Homesteads at Boulder Cove, LLC, is requesting a one-year extension, until August 1,
2009, for the filing of the final plat of Boulder Cove.
The current problems in the residential real estate market are causing banks to be more cautious
when committing to land development loans. We are talking to a lender who is interested in
financing Boulder Cove, but they want to see "pre-sales."
As you know, in order to file the plat we must give the city security of nearly $1 million and pay
fees of more than $200,000.00. We need a lender in place in order to do that. Until the market
turns around, we are unable to close on our land development loan.
Thank you for your consideration.
Roger emck
Cottage Homesteads at Boulder Cove, LLC
I(
BOULDER COVE
LOCA liON MAP
W. 62nd St.
Minnewashta
Heights Park
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