Title
Approving a Subdivision Variance to allow posting partial fiscal security for Falcon Pointe Sections 14 (Phase 1), Section 16 and the South Tract Major Facilities final plats.
Summary
The developer of the Falcon Pointe subdivision is currently constructing Sections 14, 16 and the major infrastructure associated with Colorado Sand Drive. The developer has proposed to submit their final plat applications and post partial fiscal for the remaining public improvements as determined prior to the deadline for the next appropriate Planning and Zoning Commission meeting. If granted, the intent is to have the final plats recorded and addressed as applicable around the same time that all public improvements are accepted by the City, allowing residential lots to be developed in a shorter time frame than the current process might otherwise permit. 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