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2 <br />The roads in Section II of Phase I have been partially graded and graveled, but not <br />completed. The Final Plat for Section II was never submitted. In addition the <br />consolidated Concept Plans for the remaining sections of University Manor (Craig <br />Manor, Guernsdale, University Trace) expired on May 20, 1997. <br />On January 28, 1998, the Planning Department received the attached letter from the <br />attorney representing the applicant and owner of University Manor requesting <br />revocation of the subdivision approval. As stated in the letter, the owner "has entered <br />into a contract to sell the entire subdivision to Durahill, LLC, on the condition that <br />the County revoke the approval of the subdivision and that all easements and <br />restrictions created in connection with the approval of the subdivision be terminated <br />or withdrawn on or before April 1, 1998." <br />The effects of a revocation of approvals for University Manor aze positive and <br />negative. From the County's perspective, one positive result would be relief of <br />responsibility for the Conservation Easement. Another plus would be as long as the <br />property remains undeveloped, there will be no added impacts on the environment, <br />adjacent roads, or public service agencies such as law enforcement and schools. <br />Negative aspects of the revocation include the loss of permanent open space and . <br />potential tax revenue from developed lots. In addition, the County and residents of <br />the azea aze left with an uncertainty of future development plans. <br />From the developer's perspective, the revocation is, for the most part, positive, as he <br />is able to sell to the prospective buyer and is freed of legal and financial obligations <br />associated with development of the property. However, the developer forfeits the <br />opportunity to sell approved lots. <br />To accomplish revocation of the Preliminary Plan approval, the Planning Staff and <br />County Attorney recommend that the applicant present all necessary documents to <br />rescind the Conservation Easement, abandon the publicly dedicated roads, and make <br />the recorded Final Plat null and void. Such documents, including a Resolution for <br />action by the Boazd of Commissioners, may be presented at the next regulaz meeting <br />of the Boazd on Mazch 4. <br />Any future development application submitted for the property will be considered a <br />new request, subject to all requirements, including Flexible Development provisions, <br />that may be in effect at the time of submittal. <br />RECOMMENDATION: The Administration recommends that the Staff be directed to bring forwazd at the <br />next available regulaz meeting appropriate documents to accomplish revocation of <br />the Preliminary Plan approval of University Manor, Phase I, abandonment of the <br />public road dedication in Section I, and release of the Conservation Easement. <br />