Agenda - Council - 09/11/2001 - Laserfiche WebLink

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I I ~Centex' Addition Development Agreement I I I I I I Park Dedication Upon final platting of the first phase oft he 74.37 acre Addition, a total'of 2.9 acres {approximately} of land will be dedicated for Woodland Green, Bear, and the unnamed Park at the North edge of the addition. This land dedication represents {approximately} 39% of the Park Dedication due. The remaining dedication shall be met by Park Improvements equating to $135,000 m cash value, based upon the 2001, $1700 per umt Park Dedication Fee. The City and the Developer, hereby agree to the following prioritized improvements, and the process for implementation; P_laye~uipment A playstructure will be installed in Woodland Green. Park in the location of the ex/sting equipment no later than 1 {one} year from the completion of the streets m the first phase. The Developer shall submit 3 {three} different proposals for an installed playstrucmre, and associated appurtenances to the Parks and Recreation Commission for approval for a project cost between $35,000 and $45,000 in value. The City shall authorize the project and prepare a memorandum of understanding, detailing the various responsibilities and costs to be deducted from the $135,000 in Park Dedication 'owed'. I I I I I I I I I Parkin~ Lot Concurrent with the playground project, shall be a minimum of an 8 to 10 space, paved parking lot with concrete curbing at the South side and center of Woodland Green Park_.The existing pave trail slmll link to the parking area and be handicapped accessible. The parking' lot shall be connected by a temporary bituminous drive to the existing 155t~ lane if the corresponding new road in the Addition is not scheduled for construction within one year. The Developer shall submit spec/fications and a cost proposal to the City, for a completion schedule no later than that of the playground. The City shall aTprove the project by a memorandum acknowledging the value to be credited against the remaining Park Dedication owed. In addition to the above, the Developer agrees to grade and provide for turf establishmem for the new parkland to be dedicated. This also will be a Stage 1 improvement with the first phase. The City hereby agrees to provide credit for any re-grading of existing parkland - beyond that necessary to facilitate blending of the topography of the newly dedicated parcels. If the improvements above are completed before any new lots receive Final Plat approval, {that are not in the first phase}, and the cost of these improvements exceed the amount ordinarily due for the first phase - Park Dedication shall be considered satisfied at the current per mt fee using the following equation: 'Overage' divided by $].700 = number of future lots that shall be considered 'exempt' from Park Dedication. This formula would be used if the City requires a later cash Park Dedication payment m lieu of any park improvements or, if the Park Dedication rote is higher at the time of Final Plat approval for subsequent phases of the ~Additiom Concurrent with the applicable phase, both Woodland Greeh and Bear parks will have 6 {six} inch water services available. Woodland Green shall also have a sewer service stubbed out. These utility services will be provided at no cost to the City. Also concurrent with any construction adjacent to the three park ~ites, the Developer will pave the park trail links or concrete sidewalk connections to the subdivision's sidewalks. I -165-