Discussion and possible action to approve the Final Plat for Legacy Place Phase 1, located at the Northwest Corner of Northern Avenue and 79th Avenue, subject to stipulations.

The purpose of the Final Plat is to subdivide Parcel 1 of Legacy Place into 167 residential lots, dedicate rights-of-way and public easements for related improvements. The parcel is within the City’s sewer and water service areas.

In May 2022, the City approved the preliminary plat (P22-01) for Phase 1. No significant changes were made to the proposed Final Plat.

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

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.