Title
Approving Subdivision Variances to allow posting partial fiscal security for Highland Park Phase D, Section 3 and Phase B, Section 4 final plats.
Summary
The developer of the Highland Park subdivision is currently constructing two phases of the subdivision, Phase D, Section 3 and Phase B, Section 4. In order for final plat applications to be submitted at this time, the developer is required to post fiscal security for 110% of the cost of the total public improvements for each phase. The developer has proposed to submit their final plat application and post partial fiscal for the remaining public improvements as determined prior to the deadline for the next appropriate Planning and Zoning Commission meeting. The subdivision process currently does not address the potential for a concurrent final plat review or posting of partial fiscal when public improvements are currently being constructed. The developer has a requested a subdivision variance to this provision.
Staff Recommendation
In granting the variance, the City will retain assurance that the remaining public infrastructure can be installed. Staff recommends approval of the proposed Subdivision Variance.
Drafter
Jeremy Frazzell, Senior Planner