Agenda - Council - 05/09/2017 - Laserfiche WebLink

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Community Development Director Gladhill said the pocket park was part of the developers' proposal and felt its value was a success of the project. Parks and Assistant Public Works Superintendent Riverblood said it is common to have private amenities in similar developments. Stephen Bona, Capstone, thanked staff for their work on this busy project, stating they are working towards an August groundbreaking. He said the park stems from a firm belief that 293 lots of mid -density housing guided and zoned R-2 with 1,000 residents will need greenspace and parks for the children. He said the regional park will be a great amenity but a closer park is needed as the regional park is half a mile away. Mr. Bona said necessity is not the issue just how we get there and with exposure from Highway 10 this will be a highly visible, unique and special neighborhood. He noted the $483,000 will be credited back over time and that the HOA will maintain the park so it will not be a burden on the park system. He said Capstone is paying over $1 million for infrastructure to be extended to the property which is not typical and that they cannot absorb both. He said they have changed their original proposal and outlined a small green area that has been removed at $200,000 to make this happen and have one acre of lots that will not have homes to provide more open space. Mr. Bona said the park and will cost over $200,000 just to provide space which will be an improvement with City funds. He noted that Capstone is making a large financial commitment to open space already in the plan but that they are unable to do so without working with City. He said they love the site and said the benefits of housing price between $260,000-$350,000 results in having high end homes without being custom which is good. Councilmember Shryock inquired about land value plus improvements. Mr. Bona said they are proposing vacant land value of $25,000/acre as unimproved land cost and additional improvements would be the playground, pavilion and landscaping. Councilmember Kuzma inquired about the preliminary budget. Community Development Director Gladhill shared the budget for a total of $300,675.23, with the public trail at $182,234.99 for a total of $482,910.22. Councilmember Shryock asked if there is an additional requirement on Alpine Drive for a trail. Parks and Assistant Public Works Superintendent Riverblood said the Greenway as proposed and supported by staff would include a 14-foot footprint and offer land dedication credit off the top and that the Greenway would "t" into the northwest road but not include any additional trail on Alpine Drive. Community Development Director Gladhill said Puma Street will have a pedestrian crossing trail constructed by the City' s infrastructure project_ Councilmember Johns asked for cost clarification. City Council Work Session / April 25, 2017 Page 6 of 8