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

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The alternatives below relate to the Park Dedication consideration for Outlot C. Outlot D will be developed as a landscaped and irrigated park -like area for the residents of the Riverstone Subdivision —the Developer is NOT requesting park Dedication for Outlot D. Additionally, the Development Agreement will provide full credit for the 14' foot greenway trail easement and the associated construction costs. Alternative 1. Outlot C — Not Credit Eligible Matches Existing Parks and Trail Plan and Park Development Policy — Staff can continue to support this alternative, as it is believed that Capstone may develop the mini -park without Park Dedication credit, thus serving their development, and accordingly not impact the City's General Fund budget operational cost for park maintenance. However, if the mini -park is owned by the homeowners association, the public may be excluded. There can be a tangible benefit to a `recreational node' near the future Lake Itasca Greenway. (The Park and Recreation Commission generally supports this alternative) Alternative 2. Outlot C — Primarily Credit Eligible This is the May 11, 2017 Staff Recommendation —provided the mini -park development `unique'(nature-based play) and ancillary to greenway trail (either contiguous, or effective and safe pedestrian crossing of adjoining street). No land credit for the mini -park area is calculated under this alternative, as the Developer is requesting the mini -park and deviation from the Park Plan and Park Development Policy. The land dedication for the mini -park (approximately one acre), is thoroughly consistent with the requirements of Planned Unit Development (PUD), which is the land use mechanism under which the Riverstone Subdivision is to be developed. Outlot C 'park' Park Ded. credit Nature Based Playground $100,000 Landscaping, irrigation (with H2O feature for play area) $100,000 Pavilion $50,000 Parking (parallel to street) $4,620 On -street pedestrian safety treatments (50% Park Ded. 50% Developer $5,000 Benches (4) $7,680 Drinking fountain and mister w pet attachment $8,000 Water and sewer services/stubs (Developer expense) Sidewalk(s) parallel to street (Developer expense) Total not -to -exceed Park Dedication credit amount $275,300 Max Credit = $275,300 (if other improvements are desired by the developer E.g. monument/sign, these shall be at the developers expense). The Development Agreement (DA) shall specify that the park shall be developed as a Stage I improvement and be substantially complete by August 1st 2018. Additionally, all improvements and specifications shall be pre -approved by the City, with the Developer bearing all costs of bidding, administration, permitting (if any) as well as construction administration. The park construction agreement (specified within the DA) will be a reimbursable project, with the developer paying all cash Park Dedication owed, with the City issuing associated payment for each improvement as they are completed and accepted —for a total not -to -exceed amount of $275,300. (Staff supports this alternative. The Park and Recreation Commission may support this alternative)