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CC Regular Session 7. 5. <br />Meeting Date: 04/23/2019 <br />By: Mark Riverblood, Engineering/Public <br />Works <br />Information <br />Title <br />Pearson Park Construction Development Update - and Authorize a 5% Project Budget Extension <br />Purpose/Background: <br />As part of the Development Agreement for the Riverstone Subdivision, a $275,300 not -to -exceed budget was <br />established for the development of a Nature Based playground within the neighborhood. This agenda case is a <br />status update to report that park is on track to be substantially complete by July 1, 2019. Additionally, approval of <br />this case would add to the construction budget, an approximately 5% increase, primarily to accommodate a <br />sign/monument (12' foot tamarack log construction) with way -finding elements for the park, alongside the city-wide <br />greenway. <br />Observations/Alternatives: <br />Attached are example project elements to illustrate the park's construction progress and scope, including the <br />proposed sign panel content. The referenced budget increase of $13,765 would pay for the sign (approximately <br />$5,000), and be available for other incidental project aspects, like working with a Girl Scout Troop to add <br />playground program elements. <br />Funding Source: <br />Funding would be from Park Dedication fees paid by the developer, (E.g. $25,300 in fees, approved by City <br />Council on March 26th, 2019 for Riverstone 3rd Addition). <br />Recommendation: <br />Staff recommends approval of a budget increase by $13,765 for Pearson Park's construction. <br />Note: The significant and prominent sign this case discusses, was not included within the $275,300 park <br />budget —staff feels the sign would be an appropriate addition for the unique park, and benefit residents by the <br />way -finding aspects, allowing visitors to discern their location in the community and encourage access to Ramsey's <br />park, trail and greenway system. <br />Action: <br />Motion to acknowledge the park's construction status, and approve a $13,765 park development increase, funded <br />by the Riverstone subdivsion's Park Dedication fees. <br />Attachments <br />construction status <br />Form Review <br />Inbox Reviewed By Date <br />Grant Riemer Grant Riemer 04/17/2019 01:31 PM <br />Kurt Ulrich Grant Riemer 04/18/2019 07:15 AM <br />Mark Riverblood (Originator) Mark Riverblood 04/18/2019 09:21 AM <br />