Agenda - Parks and Recreation Commission - 06/08/2017

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Attached are the Draft meeting minutes from City Council's consideration. Observations/Alternatives: It may be reiterated here, that the Park Dedication detail below is 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 will not be receiving 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 2. Outlot C — (Primarily Credit Eligible) This is the Council selected Park Dedication scenario —and directs that the mini -park development be `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' Nature Based Plavground ..................................................................................................................................................................................................................................................................................................................................... Landscaping, irrigation (with H2O feature for play area) Pavilion.. Parking (parallel to street) On -street pedestrian safety treatments (50% Park Ded. 50% Developer Benches (4) Drinking fountain and mister w pet attachment Water and sewer services/stubs (Developer expense) Sidewalk(s) parallel to street (Developer expense) Total not -to -exceed Park Dedication credit amount Park Ded. credit ................................................................................. $100,000 ................................................................................. $100,000 $50,000 ................................................................................. $4,620 $5,000... $8,000.... $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 paving 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. Attached is an example (format and content) of a standard Development Agreement. (The Park Dedication and Trail Fee obligations for Riverstone will be written into the DA at the time City Council approves the Final Plat and Development Agreement.) Funding Source: This case determines the disposition of Park Dedication and Trail Fees as part of the Development Agreement. Recommendation: