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COMMUNITYGROWTH Glyaf I M s T I T u T E Pequot Eaprrts in 5rnai!Town Planning L&s `- STAFF REPORT Application: Final Plat of CIC 1079,Wilderness Resort Villas Applicant: Wilderness Resort Villas,LLC Agenda Item:3(a) Background Information: Wilderness Resort Villas was approved for a Conditional Use Permit and Preliminary Plat by the City Council in May of 2008. The applicant is now submitting the Final Plat,which is that last stage in the subdivision process. The development being proposed continues to be a rent-back ownership situation where investors purchase individual cabins. Both the cabin and the land immediately under the cabin are sold. The remaining common space is owned by all cabin owners and is managed by the resort association. As part of the rent-back contract, the investor is required to rent the cabin or condominium a certain number of weeks each year, with a concentration of those weeks during the summer. The individual cabins are managed as a resort with all resort features and amenities including an on-site resort manager. This arrangement continues in perpetuity with all future investors. Applicable Regulations: To obtain final plat approval, an applicant must fulfill the final plat requirements contained in the Ordinance and must also meet any conditions imposed by the City during the preliminary plat and conditional use approval. The applicant received approval of the preliminary plat and conditional use permit in May, Pequot Lakes Staff Report 3(a)-1 June i9,2oo8