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CC Work Session 2.2. <br />Meeting Date: 07/26/2011 <br />By: Tim Gladhill, Community Development <br />Title: <br />Review Park Dedication Proposal for Future Northfork Plat <br />Background: <br />Mr. Dennis Peck, developer of Northfork Inc., has requested that the City consider a proposal for pre - payment of <br />park dedication requirements for a 30+ acre parcel identified for future development through a land contribution in <br />fee - title. This proposal would also satisfy the remainder of park dedication requirements for those parcels of <br />Northfork that are already platted as part ofthe 1987 Planned Unit Development (PUD). At the time ofthe original <br />plat, it was agreed that the remainder of park dedication for this subdivision would be satisfied at a future date when <br />a suitable parcel was identified to satisfy this requirement. <br />Mr. Peck has identified his inquiry as a fact - finding discussion to see what the City would be willing to accept for <br />park dedication before proceeding forward with the future development. <br />Mr. Peck is proposing to convey an approximately 30 acre parcel (Outlot E, Moors Addition) adjacent to the <br />existing Lake Itasca Trail (see attached map). <br />Notification: <br />No notification required. <br />Observations: <br />The 30+ acre identified as Proposed Future Development (map attached) has been calculated to have a park <br />dedication requirement for 3.35 acre as land dedication or $30,600 to $51,975 (depending on final number of lots) <br />as cash contribution. In addition, Northfork currently owes the City approximately one (1) acre of park dedication <br />requirement from existing PUD development. Outlot E, proposed to potentially be conveyed, is approximately 30 <br />acres. Finally, Mr. Peck has stated he would like to retain soil rights to Outlot E for purposes of grading needs on <br />the Proposed Future Development site or export of soil for sale. Outlot E is identified as a future /proposed park on <br />the Master Park and Trail Map. <br />Staff relayed the recent discussions regarding the ultimate disposition of certain City -owned properties to Mr. <br />Peck. Staff has, however, identified several benefits to considering this parcel (and his proposal), as it is <br />contiguous to the Lake Itasca Trail and could serve as a future community park. First, the future land use of the <br />surrounding area with larger tracts of medium and high density residential may necessitate the demand for an <br />additional community park, as identified on the Master Park and Trail Map. <br />Second, as the City Council may recall, the City accepted a 4.17 acre parcel in fee -title from Legacy Christian <br />Academy to satisfy their park dedication requirements. Acceptance of Outlot E would free up this parcel for sale. <br />Outlot E may provide more benefit to the Park and Trail System than the Legacy parcel as it is contiguous to <br />existing park and trail infrastructure. <br />Further, Outlot E could also replace park and open space if Whispering Pines and Forest Hideaway (or other area <br />parcels) are identified for sale. Finally, conveyance of Outlot E would provide public access to Lake Itasca, where <br />no public access exists today. (The current trail along the east side of Lake Itasca exists on this parcel through a <br />trail easement.) <br />As it relates to retaining soil rights, Staff would recommend some sort of sunset clause in order to not preclude or <br />delay development of the park at such time the City would contemplate construction. The sunset clause could be <br />