Agenda - Council Work Session - 04/25/2017

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lour Misiion. To work together to reiposibty grow our community, and to provide quality, coat -effective, and efficient government ierrlcas. CC Work Session 2. 2. Meeting Date: 04/25/2017 By: Tim Gladhill, Community Development Information Title: Receive Update on Park Dedication Credit Discussion for Riverstone Addition Located Near Bunker Lake Boulevard and Puma Street; Case of Capstone Homes (Project No. 17-106) Purpose/Background: The purpose of this case is to receive an update on a request for Park Dedication Credit as part of the proposed Riverstone Addition. The City Council is not being asked to make a final decision, rather, to hear an update on recent progress and talking points in advance of official review in May and June. This discussion is a significant topic in review of the project, and both Staff and Developer want to provide the City Council multiple opportunities to review and update talking points. The proposed project consists of a 293 lot subdivision (245 detached single-family and 48 townhomes). Not all details have been flushed out, nor all exhibits and illustrations complete. This topic report is still abstract in nature, and Staff will attempt to clarify as best as possible some of the details. As noted above, this case is more for update purposes than in-depth policy discussion. Ideally, Staff would have more of these details ironed out before publishing the topic, but the timeline desired by the Developer warrants early discussion. Notification: Staff attempted to notify all Property Owners within 700 feet of the Subject Property of the previous Sketch Plan Review. A Public Hearing on the project is scheduled for Thursday, May 4. Observations/Alternatives: There are a number of layers to the review of this project. This case focuses specifically on Park Dedication and Trail Development obligations. Park Dedication and Trail Development obligations are either handled through Cash Contribution towards existing and planned park spaces or land dedication. The cash contribution option, which is the option prescribed in existing park planning documents, is approximately $1.1 Million. Attached to the case is the most recent proposal from Capstone Homes. Capstone and City Staff have been working through multiple scenarios, making progress on many points. However, there is still a gap between Staff Recommendation and Developer Proposal. There are some key, significant policies that Staff will need direction on in order to complete these discussions. The general terms of the proposal are as follows. 1. Credit for acquisition and construction of a segment the Lake Itasca Greenway Trail that is located on the Subject Property (supported by Staff) 2. Credit for acquisition and construction of a'Quasi-Public Park' on proposed Outlot C (potentially supported by Staff with further discussion) a. The proposed park is 'Quasi -Public' in that it would be maintained and potentially owned by a Home Owners Association, but open to the public through a public use easement. Details have not been finalized, and would be discussed in more detail in future cases.