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2. Ordinance 1747 - Glacier Town Center PUD Agreement Extension - 2nd ReadingREPORT TO: Doug Russell, City ManagerD� FROM: Tom Jentz, Director SUBJECT: Glacier Town Center PUD — 2d Reading, Request for One -Year Extension MEETING DATE: November 3, 2014 BACKGROUND: This is the second reading of an ordinance to grant a one-year extension to the Glacier Town Center PUD approval. Glacier Town Center PUD encompasses 485.5 acres and extends from Highway 93 North to Whitefish Stage Road. The property is generally bounded by Glacier Memorial Gardens cemetery, the Stillwater River, West Reserve Drive, and Applied Materials along its southern boundary; Whitefish Stage Road on its eastern boundary; and a combination of privately -owned, incorporated and unincorporated land along its northern boundary. The associated preliminary plat is set to expire in January 2015, in accordance with Resolution 5595. The owners of the property, Stillwater Corporation, have elected to allow the preliminary plat to expire without filing a final plat application and to reevaluate the phasing plan and product types in light of current market conditions. They have indicated their intention to eventually develop the property and would like to maintain the PUD overlay zoning for a subsequent new preliminary plat proposal. The city council, at their meeting on October 20, 2014, unanimously approved the first reading of the ordinance to grant a one-year extension to the Glacier Town Center PUD. RECOMMENDATION: It is recommended that the city council approve the second reading of Ordinance 1747 to grant a one year extension to the Glacier Town Center PUD. FISCAL EFFECTS: Minor positive impacts until actual PUD begins then significant positive impacts. ALTERNATIVES: Deny the request. Respectfully submitted, Tom Jentz Planning Director Report compiled: October 29, 2014 c: Theresa White, Kalispell City Clerk Stillwater Corporation, P.O. Box 7338, Kalispell, MT 59904 0- = "I'Mir-1,101-10 I I I M W.119 I' D) Z141 K9111309a ple- IND) ta 1W W.1101101 01 Q NO V 0,11 OW D401 UUT I DILIVIrm "4 21310110101 WHEREAS, the City Council of the City of Kalispell approved the Glacier Town Center Planned Unit Development Agreement on February 4, 2008; and WHEREAS, property owner Stillwater Corporation now desires a one-year extension to the Planned Unit Development due to economic conditions; and WHEREAS, it is in the best interests of the City of Kalispell that the Glacier Town Center Planned Unit Development Agreement be amended as set forth below. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA AS FOLLOWS: SECTION 1. That the Glacier Town Center Planned Unit Development shall be extended for a period of one year until February, 2016. SECTION 2. This Ordinance shall take effect from and after 30 days of its passage by the City Council. Mark Johnson Mayor ATTEST: Theresa White City Clerk