Agenda - Council - 09/26/2017 - Laserfiche WebLink

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ii. The actual landscape development costs associated with the Lake Itasca Greenwav shall be limited to within the 14' easement. centered on the bituminous trail. and shall not exceed $37.500. iii. No credit for land acquisition. iv. Actual construction costs at $50 per lineal foot, plus actual cost for other necessary costs, limited to retaining walls (the $50 per foot includes all ancillary costs). and shall not exceed $83.375. v. Retainine walls necessary for the construction of the bituminous trail shall not exceed $27.125. vi. Five (5) benches on slabs, at a not -to -exceed cost of $9,600. vii. The City responds with the standard hold harmless agreement for public use, in favor of Capstone Homes and associated Home Owners Association. b_Pearson Park i. The park shall be unique, predominately Nature -Based Recreation Facility to be defined as mart of Final Plat. subiect to the approval of the Parks Superintendent. ii. Elements of the 'park development shall include: iii. A nature -based plaveround at $100,000, Landscapine, and irrieation with H2O feature for'play at $100,000.00, pavilion at $50,000, Drinking Fountain and mister w/ net attachment at $8.000. benches at $7.680. roarkina areas at $4.600 and include on -street 'pedestrian safety treatments. with the CITY's Park Dedication credit limited to 50% or $5.000. whichever is less. iv. ''otal not to exceed Park Dedication Credit amount of $275,300. 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. 2. Pearson Park Requirements. The PERMITTEE shall construct Pearson Park per Item 4.b above and the Plans. The total actual construction cost of Pearson Park shall be at least $275,300.00. and not include administrative or overhead construction costs. Nature Based Play S 1 o0 000 00 Landscaoina. Irriaation (with H2O feature for play) $100.000.00 Pavilion $50.000.00 IDrinkina Fountain and mister w/ pet attachment $8.000.00 On -street pedestrian safety treatments (50% park Dedication/ 50% developer) IParkina Benches(4) $5.000.00 $4.620.00 $7.680.00 Deleted: Actual construction costs pursuant to `Alternative2' as detailed in the May 23rd City Council meeting and June 8th Park and Recreation Commission.¶ Unique, predominately Nature -Based Recreation Facility to be defined as part of Final Plat, subject to the approval of the Parks Superintendent. ¶ Formatted: Font (Default) Times New Roman, 13 pt, Font color: Auto I Formatted: Font: (Default) Times New Roman, 13 pt, Font color: Auto, Not Expanded by / Condensed by Formatted: Font (Default) Times New Roman, 13 pt, Font color: Auto Formatted: Font: (Default) Times New Roman, 13 pt, Font color: Auto, Not Expanded by / Condensed by Formatted: Font: (Default) Times New Roman, 13 pt, Font color: Auto