Agenda - Parks and Recreation Commission - 10/10/2013

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with the bank, developer and staff have acknowledged that if this trail easement is in place, staff may apply for a DNR trail grant as soon as 2014 to potentially bring an additional $100,000 in needed external funding to this proposed extension of the Trott Brook Trail. The preliminary estimate for the extension of the Trott Brook Trail is a range of $300,000 to $400,000 for the boardwalk segments and $45,000 to $55,000 for those areas of the trail that can be constructed of bituminous. Attached is an exhibit that shows the approximate route westerly to Variolite Street. Trail Fees Relative to Trail Fees, staff is recommending a cash contribution (present* value) of $46,200. These funds could also be directed to the Trott Brook Trail from the Brookfield area to Variolite Street after one connecting link may be established within the existing plat (Brookfield 3rd Addition) and is shown on the attachment entitled 'Trott Brook Trail to 170 St Trail'. As in the instance with the trail easement mentioned above, 21st Century Bank has verbally agreed to convey fee -title this outlot to the city (the outlot already has drainage and utility easement encumbrances upon it). The estimated construction cost of this short connecting trail segment is $6,000. *Park Dedication and Trail Development Fees are collected at the time the Final Plat is recorded, at the rate in effect when the plat is recorded. The Park Dedication and Trail Fee amounts referenced in this case are at rates presently within City Council approved Rates and Charges. Funding Source: Funding needs and sources are addressed within the narrative of this case. Staff Recommendation: Staff recommends that Park Dedication and Trail Fees are satisfied by cash payment at the time of Final Plat Recording, and that the Development Agreement include an Exhibit consisting of a Letter, or Memorandum of Understanding that 21st Century Bank shall convey to the City, a trail easement from a publicly accessible point within Brookfield 3rd Addition, generally westward to the City Trail Corridor adjoining 21st Century Bank's holdings, for the purpose of future construction of the Trott Brook Trail. And, That the Development Agreement shall include that Park Dedication and Trail Fee proceeds from the Brookfield 4th Addition will be applied to the Trott Brook Trail, with the City applying for grant funds to supplement the Park Dedication and Trail Fee 'gap' in funding for the Trott Brook Trail west of the Brookfield Addition(s). Action: Motion to recommend to City Council, that, Park Dedication and Trail Fees are satisfied by cash payment at the time of Final Plat Recording, and that the Development Agreement include an Exhibit consisting of a Letter, or Memorandum of Understanding that 21 st Century Bank shall convey to the City, a trail easement from a publicly accessible point within Brookfield 3rd Addition, generally westward to the City Trail Corridor adjoining 21st Century Bank's holdings, for the purpose of future construction of the Trott Brook Trail. And, That the Development Agreement shall include that Park Dedication and Trail Fee proceeds from the Brookfield