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Jolin C. Traulz <br />June 11.2004 <br />Page 2 <br />i <br />We have the fulluwing coiimientK; <br />A. Resoluti on Approv ing the Preliminary Plat. <br />1 . The name "Reliance Development Company, L.L.P." slu)uM be changed <br />tlin)Ughout the tcholulion to "Stonebay Commcicial U.C," whicli is the proposed name of <br />the entity which will acquire and develop this property. <br />2. In paragraph I, we suggest that you change the name of the plat from <br />"S I ONHHAY ADDIHON" to "STONEBAY COMMERCIAL" to avoid future <br />confusion with the existing "STONEBAY" plat. <br />3. Section 2(b) of the "Conclusion.s. Order and Conditions" portion of the <br />icsolulion requires that "all lequircil slonnwatcr facilities to be developed on the site shall <br />be designated on the plat as drainage easements." First, this i.s inconsislent with .Section <br />1(c) of the "final subinittal.s" Section (we suggest that a heading be added betbre the list <br />of final submittals to separate it from the Conclusions, (Jrders and Conditions portion of <br />tile re.solulion, since the nuinbering .scheme between the two poitions is the same, and <br />theiefore, confusing) which requites the designation and dedication on the plat of <br />drainag.c and utility easement over all proposed utility lines luid facilities (not just <br />stoiniwatcr). Second, there is no need for ea.semcnts on the plat because you will have a <br />cr»)ss-eascmcnt agicement which will allow either propel ty owner to enter the other*.s <br />property to fix utility problems. I bis cross ea.sement agreement is a requirement of plat <br />approval. <br />4. The portion of the ic.solution lelating to final submittals requires that the <br />list of documents included therein be submitted at least 2 w eeks before the regularly <br />scheduled Council meeting (w hich occur on the first mid third Mondays of each month). <br />Unless this reipmcmeiit can be shortened, this w ill mean that you will likely not liavc <br />approvals until sometime in July. <br />5. Item 2. A of the final submittals requires a title opinion. It would be <br />preferable and casici to piovidc the City witli a title commitment as evidence of <br />ownci.sbip. A title opinion will lequire you to have an abstiact created, and then reviewed <br />by an attorney who does title opinions (hanler and hanler to find given the increasing use <br />of title companies m commcicial transactions). <br />8900)