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

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of bidding, administration, permitting (if any) as well as construction administration. The park construction agreement (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, b. 0 & M impacts: Development Agreement specifies homeowner's association provides all mowing services, fertilization and fall or spring leaf pick-up. City forces provide all other maintenance. c. Lake Itasca Park (development initiated in 3-10 years) i. Parking lot (and potential one -leg of round -a -bout) ii. Canoe/Kayak kiosk iii. Pier with seating at lake (existing CIP project) Staff is requesting a recommendation from the Commission either this evening or on June 9, 2017. The Community Park should provide the neighborhood park functions as well as the community park functions. The mini park proposed at Outlot C will be of primary benefit to the Riverstone residents. Staff is Option 2. Mr. Riverblood reviewed the breakdown of the $275,300 not -to -exceed Park Dedication credit amount. The differences between the original proposal and Option 2 were reviewed. The lots would be 65 feet wide rather than 80 feet wide. Mr. Steve Bona reviewed the drawing and provided background information on Capstone Homes, and the proposed Riverstone subdivision. The planning process began many months ago. They are trying to get final plat approval in June -July timeframe and start construction in July. The park would be part of Phase I of the project. The pi0peity is zoned R-2 which is meant for the smaller lots. A consultant was used to help plan the development as far as lot sizes, home sizes, pricing, etc. There will be a homeowner's association. These are not standard single family lots. There will be three different project types. Some of the lots are 50 feet wide. Mr. Bona feels there is a need for a park close to the homes. When completed there will be 300 units. The neighborhood was designed with the park in mind. The original proposal made to the City included three greenspace areas/parks. One greenspace was removed from the proposal on the south side of the p.op .�y . The park will cost $483,000 to build and the develop... v CuN requesting park credit for $300,000. The developer will provide the improvements to the park area. The pad will cost $146,000. The credit for the trail was $182,000. $867,000 in total improvement costs and the developer is requesting $483,000 in park credits. Acting Chair Sis asked what benefit it is for the City to be involved in the mini park (Outlot C). Park and Recreation Commission/May 11, 2017 Page 4 of 8