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(Cash Park Dedication credit to be applied for development of the Lake Itasca Park) <br />b. 0 & M impacts begin 2+ years (for Lake Itasca park) <br />c. Lake Itasca Park (development initiated in 1-5 years) <br />a. Parking lot (and potential one -leg of round -a -bout) <br />b. Canoe/Kayak kiosk <br />c. Pier with seating at lake (existing CIP project) <br />d. Playground Equipment <br />e. Pavilion <br />f. Athletic Fields (future) <br />g. Other <br />d. Splash Pad and Park Improvements in The COR (development 2-5 years) <br />e. Lake Itasca Greenway Improvements — east of Puma Street (2-5 years) <br />Option 2 — Outlot C or Park C — Primarily Credit Eligible — May 11, 2017 Staff <br />Recommendation provided the mini -park development "unique" (nature -based play) and <br />ancillary to greenway trail (either contiguous, or effective and safe pedestrian crossing of <br />adjoining street). No land credit for the mini -park area is calculated under this scenario, as the <br />developer is requesting the mini -park and deviation from the Park Plan and Park Development <br />Policy. The land dedication for the mini -park (approximately one acre) is thoroughly consistent <br />with the requirements of Planned Unit Development (PUD), which is the land use mechanism <br />under which Riverstone is to be developed. <br />Park C or Outlot C Park Ded. <br />Nature Based Playground $100,000 <br />Landscaping, irrigation (with H2O feature for play area) $100,000 <br />Pavilion $50,000 <br />Parking (parallel to street) $4,620 <br />Pedestrian safety treatments (50% Park Ded. 50% developer) $5,000 <br />Benches(4) $7,680 <br />Drinking fountain and mister w pet attachment $8,000 <br />Water and sewer services/stubs (developers expense) <br />Sidewalk(s) along Park C (developers expense) <br />Total not -to -exceed Park Dedication credit amount $275,300 <br />a. Max Credit - $275,300 (if other improvements are desired by the development e.g. <br />monument/sign, these shall be at the developer's expense). <br />The Development Agreement (DA) shall specify that the park shall be developed as a <br />Stage I improvement and be substantially complete by August 1, 2018. Additionally, all <br />improvements <br />and specifications shall be pre -approved by the City, with the Developer bearing all costs <br />Park and Recreation Commission/May 11, 2017 <br />Page 3 of 8 <br />