The purpose of the Final Plat is to plat a subdivision for commercial and future residential use. This development is within the City’s water/sewer service area. This final plat creates a total of 2 lots, one for commercial use and one for future residential use. All necessary easements are being dedicated on the plat.

There has been no previous action.

A: The Final Plat has been approved through the Development and Engineering Department. An option would be to not accept the proposed Final Plat; although it should be noted that not approving the Final Plat will prevent the Developer from developing this land.

B: The other option would be to formally approve the Final Plat and allow this parcel to be developed.

Staff recommends the approval and subsequent recordation of the attached Final Plat subject to the following stipulations: 

1. All civil plans must be approved by the City of Peoria (City) prior to recordation of the Final Plat.
   
   
2. An approval of design from the Development and Engineering Department for the necessary improvements in accordance with the City Subdivision Regulations, as determined by the City Engineer, must be obtained prior to recording the Final Plat.
   
   
3. The developer must provide a financial assurance in the amount agreed upon by the City Engineer and an Agreement to Install for construction of the infrastructure improvements in accordance with the City Subdivision Regulations, prior to recordation of the Final Plat.
   
   
4. In the event that the Final Plat is not recorded within 60 days of Council approval, the Final Plat will become void. The developer may request re-approval from the City, with the understanding that the City has the option of imposing additional requirements or stipulations

No fiscal impact