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