Agenda - Council - 07/25/2017 - Laserfiche WebLink

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m. T 3 Plat is providing a foot bcrm and cxtcnsivc landscaping along Trunk Highway 10. A berm and extensive landscaping will be installed according to the approved plans. It is understood that Tim will help acquire the letter requested from the MPCA n. Tim will update this section to refer to Puma Street 18 Improvements Exhibit C — This exhibit should be understood as a 'stand-alone' document. Currently it does not. THEREFORE, THE CITY AND THE PERMITTEE AGREE AS FOLLOWS: 1. Phase 1 Park Dedication and Trail Development Fee Obligation. The PERMITTEE is responsible for a total Park Dedication and Trail Development Fee obligation of $183,600.00, as defined in Exhibit B, #1 and #2. 2. Pearson Park Requirements. The PERMITTEE shall construct Pearson Park per Item 4.b above and the Plans. The total cost of Pearson Park shall be at least $275,300.00. Nature Based Play $100,000.00 Landscaping, Irrigation (with H2O feature for play) $100,000.00 Pavilion $50,000.00 Drinking Fountain and mister w/ pet attachment $8,000.00 On -street pedestrian safety treatments (50% park Dedication/ 50% developer) $5,000.00 Parking $4,620.00 Benches (4) $7,680.00 $275,300.00 3. Lake Itasca Greenwav Requirements. The PERMITTEE shall construct Lake Itasca Greenway in future phases per Item 4.a above and the Plans. The total cost of Lake Itasca Greenway shall be at least $182,235. 100% Park Dedication Cash Credit for that square footage area necessary for the trail (7' foot on either side of the centerline of the 10' foot bituminous trail(s). This credit is at $1.74 per square foot. Landscaping Actual construction costs at $50 per lineal foot, plus actual cost for other necessary costs, limited to retaining walls (the $50 per foot includes ancillary costs). Retaining Wall Five (5) benches on slabs $24,635 $37,500 $83,375 $27,125 $9,600 $182,235 2