Discussion and possible action to approve the Master Master Final Plat for Aloravita Phase 2, located on 75th Avenue and Jomax Road, subject to stipulations.

The purpose of the Master Master Final Plat is to dedicate the major roadway network and establish the overall parcel boundaries. As each parcel is ready to develop, it will be necessary to replat that parcel, to dedicate the local roadways and establish the individual lots.

There has been no previous action.

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

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

Staff recommends the approval and subsequent recordation of the attached Master 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 Master 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 Master 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 Master Final Plat. 
4. In the event that the Master Final Plat is not recorded within 60 days of Council approval, the Master 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.