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Mr. Steve Bona reviewed the drawing and provided background information on Capstone Homes. The <br />planning process began many months ago. They are trying to get final plat approval in June -July <br />timeframe and start construction in July. The park would be part of Phase I of the project. The property <br />is zoned R-2 which is meant for the smaller lots. A consultant was used to help plan the development as <br />far as lot sizes, home sizes, pricing, etc. There will be a homeowner's association. These are not standard <br />single family lots. There will be three different project types. Some of the lots are 50 feet wide. Mr. Bona <br />feels there is a need for a park close to the homes. When completed there will be 300 units. The <br />neighborhood was designed with the park in mind. The original proposal made to the City included three <br />greenspace areas/parks. One greenspace was removed from the proposal on the south side of the <br />property. The park will cost $483,000 to build and the developer was requesting park credit for <br />$300,000. The developer will provide the improvements to the park area. The pad will cost $146,000. <br />The credit for the trail was $182,000. $867,000 in total improvement costs and the developer is <br />requesting $483,000 in park credits. <br />Acting Chair Sis asked what benefit it is for the City to be involved. <br />Mr. Bona stated the trail cannot be constructed without the credits for park dedication from the City. <br />The developer is paying over $1M to bring in the infrastructure into the property. <br />Mr. Riverblood asked Mr. Bona to say what the benefit of the private open space/park is to the City. <br />There is no relationship between bringing in sewer and water to the park dedication. <br />Mr. Bona stated the park cannot be constructed without the street. Residents from outside the <br />neighborhood will be using the park especially when the trail is completed and Lake Itasca is in place. <br />Acting Chair Sis stated he thought the trail to Lake Itasca would be more of a direct than what was in the <br />original plan. <br />Mr. Riverblood stated with the development the trail is somewhat out of line. This was a concession <br />made. Mr. Riverblood disagrees when the developer says there cannot be a park without a street or <br />utilities. <br />Commissioner Trappen is concerned with the HOA. <br />Mr. Bona stated the park would be City property and maintained by the HOA. <br />