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be conveyed for Lake Itasca Greenway are owned by Hageman Holdings. While an MOU is not legally binding, it <br />does set forth expectations moving forward. The Plat will not allowed to be recorded until the City has secured the <br />greenway. <br />Funding Source: <br />All costs associated with processing the Application are the responsibility of the Developer. The Developer will be <br />responsible for the costs of construction of all infrastructure internal to the site. <br />The Developer has requested that a cost share agreement be approved for the final segment of Puma Street. The <br />Developer proposes to share the cost between itself, the City, and Capstone Homes (Owner/Developer of parcel to <br />the west). This will be discussed in detail with the Preliminary Plat. Action at this stage does not obligate or commit <br />the City to any investment in the project. <br />Recommendation: <br />The Planning Commission restated its recommendation for approval of this project at their November 2, 2017 <br />Meeting. <br />The Environmental Policy Board recommends that the conveyance of the corridor for the Lake Itasca Greenway is <br />sufficient public benefit for a Planned Unit Development approval. <br />The Park and Recreation Commission recommends that the conveyance of the corridor for the Lake Itasca <br />Greenway is sufficient public benefit for a Planned Unit Development approval and recommends that Park <br />Dedication and Trail Development Fee obligations be satisfied through a cash contribution. <br />Action: <br />Motion to introduce Ordinance # 17-16 granting a Conditional Zoning Amendment to Planned Unit Development. <br />-AND- <br />Motion to adopt Resolution #17-11-276 approving a Conditional Rezoning Agreement. <br />Attachments <br />Site Location Map <br />Revised Sketch Plan <br />Updated Greenway Corridor and Trail Exhibit <br />Question and Summary Responses <br />Planned Unit Development Requirements <br />Conditional Zoning Amendment Requirements <br />Staff Review Letter <br />Ordinance #17-16 <br />Resolution #17-10-276 <br />DRAFT Conditional Rezoning Agreement <br />DRAFT Memorandum of Understanding <br />Planning Commission Presentation dated October 12, 2017 <br />Draft Planning Commission Minutes dated June 12, 2017 <br />DRAFT City Council Meeting Minutes dated June 27, 2017 <br />DRAFT City Council Meeting Minutes dated August 22, 2017 <br />DRAFT Planning Commission Minutes dated September 7, 2017 <br />