Agenda - Council - 11/28/2017 - Laserfiche WebLink

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CC Regular Session Meeting Date: 11/28/2017 By: Tim Gladhill, Community Development 7. 2. Information Title: Approve Actions Related to North Fork Meadows Subdivision Located Near Puma Street and Alpine Drive; Case of Paxmar, LLC (Project No. 17-126) 1. Introduce Ordinance #17-16 Granting a Conditional Zoning Amendment to Planned Unit Development 2. Adopt Resolution #17-11-276 Approving a Conditional Rezoning Agreement Purpose/Background: The City Council tabled action on this case for additional information. The City Council requested a better delineation of the Lake Itasca Greenway boundary as well as a Park Dedication/Trail Development Fee and Open Space Pro -Forma comparison. Clarify Boundaries of Greenway The Developer has provided a new exhibit overlaying a revised alignment of the proposed Lake Itasca Greenway (future construction) and the proposed North Fork Meadows development. The exhibit also includes an overlay of the approved Riverstone development located adjacent to this site. Please note that the alignment of the propose Lake Itasca Greenway differs from original planning documents due to actual project approvals. There are still multiple routes available to connect to Lake Itasca Park. Quantify Public Benefit Staff has attempted to quantify the return of public benefit in exchange for flexibility in certain zoning standards. Below is Staffs attempt and quantifying. Staff has not received a response from the Developer. Staff ran the scenarios outlined below. 1. Add areas of Lake Itasca Greenway currently owned by Hageman Holdings to be dedicated to the public as part of the PUD to the current Sketch Plan. Depict the greenway alignment and the development concept on one plan. a. A broader view that shows the full geographic context of the greenway. i. Please note that we will have to clean up the current planning map. ii. Remove areas not owned by Hageman iii. Re -align the areas that overlap with lots in North Fork Meadows 2. Project Pro -Forma Comparison (park dedication, trail development, and open space preservation only) 1. Scenario 1: PUD (97 lots) 1. Park Dedication Amount 2. Park Dedication Increase with PUD 3. Trail Development Amount 4. Trail Development Increase with PUD 5. Cash Value of Open Space Preservation (greenway corridor) 2. Scenario 2: No PUD (follow existing zoning, no amendments or variances; 70 lots) Type PUD Amount Non-PUD Amount Change Park Dedication $271,600 $196,000 $75,600 Trail Development $77,600 $56,000 $21,600