Title
Resolution to Approve South Pond Village Site Plan and Development Agreement, 3850 East Huron River Drive (CPC Recommendation: Denial - 1 Yeas and 7 Nays)
Memorandum
At the August 15, 2016th meeting, Council postponed this petition, after the developer indicated that they would consider contributing to the special assessments for road improvements for the properties along the unpaved section of Chalmers Road that lead to the development. The developer has now agreed to pay $50,000 toward the special assessments for road paving and related improvements for these 16 properties. The South Pond Village Development Agreement has been revised to reflect this change in Paragraph 10 and Attachment A. The details are as follows:
o The updated, approximate cost of the estimated road project including paving, curb and gutter, sidewalks, green streets, and related stormwater is $994,000. Working with the City Assessor, staff determined that a proposed special assessment district may include 177 parcels (88 parcels in Woodcreek, 73 in South Pond, and 16 along Chalmers). Estimated special assessments for each parcel would be $5,616.
o The developer's $50,000 contribution would offset the total special assessments for each of the 16 Chalmers parcels by $3,125.
o The developer's contribution would not change the amount or share of special assessments for any other parcel, except if there is any remaining amount after paying the assessments of the 16 Chalmers parcels, the remaining amount would be credited to the total project cost.
o The City will return the $50,000 to the developer if special assessments for the improvements are not made from 10 years from the date of issuance of the first certificate of occupancy.
* Staff recommends that City Council amend the resolution to approve the South Pond Village Development Agreement dated September 1, 2016.
Approval of this resolution will allow for the construction of 73 single-family homes with public streets on a vacant...
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