Agenda - Council - 04/25/1989 - Laserfiche WebLink

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City Councilmen April 6, 1989 Page Two The attached ADDENDUM indicates North Fork's position that little, if any, additional cash park dedication be required for the lots located west of Andrie Street and north of 153rd Avenue NW and covered by Paragraph 5 of the original Park Dedication Agreement. In support of this position North Fork would cite the following facts: The Northfork PUD consists of approximately 1250 acres on which there are approvals to build 250 homes, thus creating a density of .25 units per acre. The anticipated population of the Nor%hfork PUD, when completed, should be approximately 1000 people. Under ~he current City Code the City .can claim up to 10% of the land being platted for park dedication purposes or 10% of the fair market value of the undeveloped land as cash alternative. Presumably under the proposed new Park Dedication Ordinance this figure would be reduced to 7%. The first phase of the Northfork PUD consists of approximately 125 acres for which cash payments for park dedication have been and are continuing to be made. Of the remaining 1125 acres of the Northfork PUD 550 acres are alreadybeing set aside for private and/or public recreaticna! ~se~ in the form of a proposed open to the public go.~ course (!60 acres), private open space to be dedicated to the Northfork Homeowners Association (250 acres), the of Lake Itasca and Northfork Lake and the surrounding shorelines to be dedicated to theNorthfork Homeowners Association (150 acres). North Fork, pursuant to the Declarations coverning the entire PUD, Days to the No~-~=crk" = ~=- . _ _ .... ~om~o~ .... s Association, out cf the _ __c_ of %he sale of each lot $250 to be used ~e-'-~mv=!oD privane amenlnies in the PUD. o ~h= City has received cr wi] ~ ~=ceive -~ ~==~=~ -__me..t and ~he pro,cs=~ ADDENDUM, acres~c= ~ tot ions This 57 ~c- res ~=o~=== · land in ~he K ................. ~ = %' =~, ~-=-!read'~' ~,_ bei.~g~ ~ and,' r priv=== ,'== -r included = ~ first ~ =-~ z above~ .,,"-rnh Fork for nba develomenn-c.f =.~:=..inies i.. _h= ?-'-,-==uses -'-= r:~ --,-,= -'-'__-: -- - := ~_--.~ ir. such recard '~=~.. ........ __=_ 17~.~{! cf nhe urs~csed~ new Park =-'enicani~n~ ~,r~inance~ s-a~ss ~- ~arn: