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HomeMy Public PortalAboutVillage Board Report REPORT TO: VILLAGE PRESIDENT and BOARD OF TRUSTEES FROM: Michael S. Garrigan, AICP, CNU-A, Village Planner DATE: January 30, 2011 SUBJECT: MEMO TO VILLAGE BOARD CASE NUMBER: 1535-010711 AAA Riverstone REQUEST: First Amended Annexation Agreement (Public Hearing) LOCATION: 127th Street, east of Route 59 and east of DuPage River APPLICANT: Wheaton Bank & Trust ZONING: R-1 ( Low Density Single-Family) COMPREHENSIVE PLAN: Low Density Residential DISCUSSION The applicant is seeking to simply extend the Weinhold Annexation Agreement which was approved by the Village Board in July 1994 for an additional ten (10) years. The subject property is located on 127th Street, east of Route 59 and west of the DuPage River. The subject property is commonly known as “Riverstone” and contains 130 acres of farmland that is currently cultivated. The Weinhold Annexation Agreement generally covers the old Weinhold Farmstead which includes Farmstone Ridge and the subject property. The subject property was previously owned by Macom and the property was returned to the current applicant. In 2008, Macom submitted a Preliminary Plat for a 162 single-family subdivision which was reviewed by the Plan Commission, but which was never approved by the Village Board. The current applicant is marketing the subject property and is seeking a purchaser of the 130 acres of vacant property. The “Weinhold Annexation Agreement” allows for the following provisions: A gross density per acre of 2.75 units Average single-family lot size of 11,500 square feet for the whole development Minimum lot size of 10,500 square feet Multiple-family units including duplexes Commercial development as identified on the attached Concept Plan During the original terms of the agreement, no real estate taxes to the Village of Plainfield shall be incurred on the subject property until the time that it is developed At the present time the applicant has not submitted a Concept Plan or Preliminary Plat for the subject property. At this time the applicant is merely seeking an extension of the existing terms of the Annexation Agreement is not proposing any other modification to the agreement. The extension of the annexation agreement would only pertain to the subject property and would not cover the balance of the property within the original Weinhold Annexation Agreement. RECOMMENDATION Based on the fact that the applicant is not requesting any additional density or other modifications to the original annexation agreement, staff would make the following motion: We move that the Village Board direct the Village Attorney to draft an ordinance amending the Weinhold Annexation Agreement by extending it an additional ten (10) years.