Agenda - Council - 05/23/2017 - Laserfiche WebLink

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lour 1111.1siion: To work together to reiposihty grow our community, and to provide quality, coat -effective, and efficient government ierrlcas. CC Regular Session 7. 1. Meeting Date: 05/23/2017 By: Mark Riverblood, Engineering/Public Works Information Title: Park Dedication Obligations and Credit for the Development Agreement for the Riverstone Addition Purpose/Background: For the last several months, the specifics of Park Dedication (land, cash or improvements to the proposed mini -park) for the proposed Riverstone Subdivision has been discussed between Capstone Homes and the City. There is strong consensus on providing credit for the land needed for the greenway trail and the associated improvements. There remains to be clear consensus on aspects of Capstone's proposed mini -park, commonly known as Outlot C. Due to no agreement on the matter of Outlot C, Staff brought the matter to the Council work session on April 25th, 2017 in light of the long-standing policy "... to favor larger, accessible neighborhood and community public parks with quality amenities and improvements, and provide trail connections between them, over smaller, pocket parks with few to no 'destination' improvements." This discussion was intended to address whether the City should consider full, partial, or no Park Dedication credit for Outlot C proposed by the Developer. (Please see case 2.2 of the April 25th work session for additional information). The outcome of the above work session topic was to address the policy itself. This occurred as part of a joint meeting between Council and the Park and Recreation Commission meeting on May 9th, 2017. The aforementioned joint meeting and policy review was conducted using examples of past precedent relating to Planned Unit Developments and private park spaces. Additionally, Outlot C was the subject of much discussion on whether it was necessary (as a park —public or private), and if so, to what degree might Park Dedication credit be offered. The consensus reached was "to create an interim exception [to the policy] that would allow for negotiations on this development case for a trail system and trail wayside park area that would be accessible and inviting." Following the joint meeting, Staff prepared alternatives for Park Dedication relating to Outlot C which was the subject of considerable discussion at the Park and Recreation Commission meeting on May llth, 2017. These alternatives are now synthesized as the 3 alternatives relating to Outlot C below. (Please see the draft May 1 lth meeting minutes for important details from the Commission's discussion.) Note: Following Council direction on which alternative should be the basis for crafting the Park Dedication for the Riverstone Subdivision, Staff and Capstone Homes will come into agreement on the remaining details within a draft Development Agreement. This Development Agreement will be appurtenant to the Preliminary Plat that the Park and Recreation Commission will recommend at their regular meeting on June 9th, 2017. (City Council is anticipated to consider the Preliminary Plat on June l3th, 2017.) Observations/Alternatives: