Agenda - Council - 04/27/2004 - Laserfiche WebLink

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The Developer has provided information to the City regarding the rain garden located on the western side of the development, including pictures of typical planting material proposed to be used in the rain garden. Staff will bring color pictures of the typical plantings to be used in the rain garden for the City Council to review and approve. Under the Master Development Agreement between the City and the Ramsey Town Center LLC, the two parties have been working towards the implementation of a park plan within the Town Center that would include giving the Ramsey Town Center LLC a credit for park improvements. At this point, an agreement with the parks have not been reached. Therefore, until the park matters are agreed upon, the City will require payment of the required park dedication and trail fees and place them in an escrow. The escrow will be released once an agreement between the City and the Developer on park dedication is reached. The escrOw for the park dedication fees is $226,000.00 (103 units x $2200 per unit).' The escrow for the trail development fees is $56,650.00. These fees must be supplied to the City prior to release of the final plat mylars for recording. The Developer has submitted a revised lan'dscaping plan that conforms to City requirements. Detailed comments regarding the grading, drainage, street, and utility plans are contained in the City Staff Engineering Review Letter dated April 20, 2004/ These items must be corrected as part of the final plat approval. It should be noted that an access easement along the eastern side of the plat (parallel to Ramsey Blvd.) is required to be provided to the City. The Developer is in the process of supplying the City with an address location sign (specifying the units addresses) to be placed at the entrance of all private streets. The required signage will assist emergency services in locating a specific unit when called to the site. The address signage is subject to the review and approval of the City Engineer and Police Chief. It should be noted that signs identifying the development will require a separate sign permit. The Developer will be required to pay $38,625.00 in Stormwater Trunk Fees and $198,069.00 in Sewer and Water Trunk Fees. As part of the final plat approval, the City and the Developer will enter into a development agreement. The agreement will require, among other things, a letter of credit in the amount of 125% of the public improvements (public streets, Stormwater improvements, and utilities) and another letter of credit in the amount of 150% of the costs of private improvements (private roads including curb and gutter as well as landscaping). Per the Developer's request, the Development Agreement will contain language that will allow footings and foundations to be constructed on selected buildings prior to the recording of the plat. · Recommendation: Staff recommends that the final plat and final site plan of Ramsey Town Center 2nd Addition be approved subject to compliance with City Staff Review Letter dated April 23, 2004, City Staff Engineering Review Letter dated April 20, 2004 and the Developer entering into a Development Agreement with the City. City Council Action: Motion to adopt Resolution #04-04-__ approving the final plat and final site plan of Ramsey Town Center 2nd Addition subject to compliance with City Staff Review Letter dated April 23,