Agenda - Council - 02/26/2002 - Laserfiche WebLink

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-118- 18. plat and development agreement which authorizes the improvements using the following equation: The 'Overage' amount divided by the then cash per lot rate shall equal the number of lots that shall be considered Park Dedication satisfied. This formula shall be used if the CITY requires a cash payment in lieu of any park improvements to satisfy Park Dedication requirements. Concurrent with the applicable phase, both Woodland Green and Bear Parks will have six (6) inch water services available. Woodland Green shall also have a sewer service stubbed out. These utili.ty services will be provided at no cost to the CITY. Any sewer or water improvements on the park land to be dedicated or the existing park land and beyond the street right of way, may be considered a park improvement for purposes of Park dedication. Also concurrent with any construction adjacent to the three park sites, the DEVELOPER shall pave the trail links or concrete sidewalk connections. At the time of Final Plat approval. for future phases of Highlands At River Park, the following park improvements will be evaluated for satisfying the remaining cash Park Dedication due: a) Parking lot at Bear Park b) Ag lime infield at Bear Park c) Irrigation for Bear or Woodland Green Park d) Shelter adjacent to Woodland Green's play equipment e) Trees and landscaping f) Park signage If the CITY demands a cash payment for any outstanding Park Dedication requirements, in lieu of anticipated, improvements above, the DEVELOPER may appeal the matter to the Park and Recreation Commission for a recommendation to the City Council. SECTION V TRANSPORTATION AND LANDSCAPING Park Trail Development Fee. The City Council has established a traiI development fee in the amount of Four Hundred Dollars and no cents ($400.00) per lot. Therefore, a payment in the amount of Sixty Two Thousand Eight Hundred Dollars and no cents ($62,800.00) (157 lots x $400/lot) is due to the CITY for this Plat and subsequent phases that would final plat the entire 157 lots as reflected in the approved preliminary plat. All or a portion of this obligation may be satisfied by the construction of trail improvements within or adjacent to the Plat. Concurrent with the watermain construction from Barium Street NW to the Plat, the DEVELOPER shall construct an 8-foot wide bituminous trail from T.H. #47 to Roanoke Street NW. Credit will be assigned based on the lowest of three qualified bids or by mutual agreement between the parties and may include any associated design, inspection and staking I I' I I I I I I I I