Agenda - Council - 11/09/2004 - Laserfiche WebLink

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CASE: 143 AUTHORIZE DESIGN OF CITY PHASE II STREET, STORM SEWER, WATERMAIN AND SANITARY SEWER IMPROVEMENTS IN RAMSEY TOWN CENTER By: Leonard Linton, Civil Engineer Background: Construction of improvements in Ramsey Town Center is governed by the Master Development Agreement signed September 17, 2003. This agreement included milestones covering the sequence of construction for improvements in the project. The milestones are in Section 7.8 which is included as an attachment. The developer has submitted a petition requesting construction of certain Phase II improvements adjacent to Ramsey Town Center 3`d Addition. The petitioned improvements are Zeolite Street between Sunwood Drive and Civic Center Drive and a temporary cul-de-sac on Civic Center Drive. Planning of the new city hall is in progress. Access to the new city hall site will require construction of Sapphire Street between Sunwood Drive and Civic Center Drive. The Ramsey Town Center Plat did not dedicate the right of way for Sapphire Street. Dedication of this right of way must be a condition of the approval of the petitioned improvements. The Master Development Agreement Section 7.11 states that 20% of the cost of these improvements will be assessed to the parcels in Ramsey Town Center. Section 7.8 details milestones that must be met prior to completing the Phase 11 Improvements. These milestones were based on assumptions that development would first occur along the Phase I streets and progress outward. RTC 3rd is adjacent to a Phase I street, however efficient site access dictates the need for construction of the portion of Zeolite Street and Civic Center Drive covered in the petition. Demand for sites in RTC is likely to increase with the completion of the first buildings in the 3d addition. Having access to final design plans for the Phase II roadways and improvements will be beneficial as a marketing tool for the sites and as information for potential buyers. The public hearing to order the improvements will not be scheduled until the milestone conditions have been met. The Master Development Agreement Amendment contemplates establishing a cap of $3,000,000 for letters of credit to cover landscape requirements. This would modify the requirement of 7.8 d. The master streetscape/ landscape plan for all public streets has not been accepted yet, however the developer will be required to install the improvements when the plan is accepted as required in 7.8 C.