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WETLAND: <br />replatting costs. Two, replatting or redevelopment of the subject property terminates the <br />temporary easement for the road that connects 167 to Emlcrest Park. <br />NOTE: The city is in the process of developing a master plan with the parcels located off <br />167 (to the north of the subject property). <br />There are no issues with wetlands that would make this property unusable; or, effect <br />adjacent properties. NOTE 1: The owner of the property to the west is considering the <br />use of their property for wetland banking. NOTE 2: There is a wetland in the northern <br />portion of lot #1 and in both the southeast and southwest corners of lot #2. The <br />southern portion of lot #2 could be used for banking in the northern portion if desired. <br />MAINTENANCE: Mowed 12 times per year —$100 per event ($1,200 per year). <br />OWNER & ENCUMBRANCE: It is recommended these three parcels be platted in order to properly identify those <br />areas necessary for City/public purposes and to identify what land area may be available <br />for sale. Attached is a draft of the staff proposal. <br />NOTE: subdividing or developing these lots terminates an easement the City has in place <br />for the current ROW (just to the west of the subject properties). Meaning, the road to <br />Elmcrest Park would need to be replaced. <br />Parcel 1: this parcel is owned by the city and there are no restrictions to its sale. There <br />are wetlands and a water fill station. Because of zoning, would require sanitary sewer to <br />build. The future ROW is planned to go through this lot. <br />Parcel 2: this parcel is subject to a natural gas pipeline easement in favor of Enron <br />Corporation. This parcel is home to a water tower, located in the SE corner. There are <br />wetlands in both the SE and SW corners of this lot. Development of the lot, north of the <br />gas line, makes sense. The southern portion of the lot could be used for wetland and <br />the water tower. The western portion of the property needs to be used for the future <br />ROW. <br />Parcel 3: this parcel is subject to a temporary encroachment easement in favor of the <br />grantor, Oakwood Land Development, Inc (2010). The future ROW is planned to go <br />through this lot. <br />DISPOSITION: The City has four options for disposition of the subject property: <br />Option 1: the City could leave the property as is and wait until an interested developer <br />steps forward. At that point, the City would work with the developer to replat the <br />property and move the ROW east, unto the subject property. The developer would be <br />responsible for development fees. <br />Option 2: the City could take on replatting the property and moving the ROW before <br />there is an interested developer. The City would leave the developable portion in lot #2 <br />as an out lot. When an interested developer steps forward, the out lot would need to be <br />replatted and the developer would pay the required development fees. NOTE: replatting <br />the three parcels is estimated to cost about $10,000. <br />Option 3: the City could take on replatting the subject property and moving the ROW <br />before there is an interested developer. The City would also plat the developable portion <br />of parcel #2. In this case, the City would be responsible for development fees. NOTE: <br />replatting the three parcels is estimated to cost about $10,000. However, replatting the <br />developable area before knowing who the end user is may end up requiring a replat <br />anyway. <br />Option 4: the City could contact the property owner, of the temporary ROW easement, to <br />see if there is any willingness to convert the existing easement to a permanent ROW <br />