11 - PARIS LAKES MEDICAL CENTER L.L.C. ADDITION 346 FINAL PLAT AND SUBDIVISION IMPROVEMENT AGREEMENT

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Item No. 11 memorandum TO: City Council John Godwin, City Manager FROM: Shawn Napier, P.E. Director of Engineering, Planning & Development SUBJECT: PARIS LAKES MEDICAL CENTER L.L.C. ADDITION 346 FINAL PLAT AND SUBDIVISION IMPROVEMENT AGREEMENT DATE: March 3, 2015 BACKGROUND: Mr. Ron Parker is the principal of Paris Lakes Medical Center and owns 40 acres located at 2675 41St St. SE. The 40 acres is comprised of part of tracts 1 and 4 in the J. Leach abstract survey A524. The Planning & Zoning Commission approved the final plat on a 5 -0 vote. A Subdivision Improvement Agreement (SIA) has been requested by the owner. An owner or developer can request a SIA in lieu of actually completing the construction of public improvements required by the ordinance prior to seeking final plat approval. The agreement requires the owner to put up financial security with the City in an amount equal to the estimated cost of the public improvements. STATUS OF ISSUE: Mr. Parker is proposing to construct a hospital, medical office buildings, hotel and retail shops on the property. This is proposed to be done in phases with three medical office buildings constructed in the first phase. The hospital would be in phase two and the hotel and retail space in phase three. A water line is proposed to be constructed on the property and connect to existing City water lines at two locations. The water line is the only public improvement that will be dedicated to the City. The streets, sewer lines and sewer lift station will be private. The SIA will allow the final plat to be approved and a building permit issued before the water line is installed, tested and approved. The SIA document will be submitted to you at the City Council meeting. BUDGET: N/A RECOMMENDATION: Approve the final plat and Subdivision Improvement Agreement.