Agenda - Council - 02/08/1994 - Laserfiche WebLink

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RICHARD BLOOM 14600 Woodruff Road Wayzata, Minnesota 55391 (612) 475-9005 January 28, 11994 Mr. Ryan Schroeder Administratorl City of Ramsey 15153 Northern Boulevard Northwest Ramsey, Minr~esota 55303 RE: RivenWick Final Plat, Phase 2 Dear Ryan: We have revised the final plat for Rivenwick Phase Two per the December 27, 1993 city staff lette~ to provide the utility easement, eliminate the variances noted for Lots 4, 5 and 6, BioC:k 2 and shortened the cul-de-sac on 137th Avenue to compty with ordinance requirements. The Ramsey ~lanning Commission, at their meeting of January 4, 1994, moved to recommend ~eni~,l of our plat, given our proposal to provide a cut-de-sac on 137th Avenue vers~s a through street. We were surprised and dismayed with this recommendation given the staff report supportin..c our request and the cooperation extended us ir~ the development of Rivenwick - Phase One. Our proposed cul-de-sac, we believe, is vital to the successful completion of Rivenwick. We hope to continue the larger, higher value home construction that are currently being built on both cut-de-sacs south of 137th Avenue In Phase One. All homes built south of 137th contain at least 2,200 square feet and range in value from $180,000-$25~4, ,000 with the average value being $218,000. We believe that the higher value ~ome construction can continue south of 137th Avenue into Phase Two only if 137th A~venue terminates as a cul-de-sac, thereby ensuring privacy. The attached ,exhibits depict the estimated values of homes that would be built with the cut. de-sac as proposed and with the street going through. There are 29 lots in Phase Two on both s~des of 137th Avenue that will, upon buitdout be valued at $4,855,000. If the street go~s through, one lot is lost and the value declines to $3,810,000 for'a difference of ,$1,045,000. It is estimated that the lots just along 137th Avenue will ,55