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<br />the developer as that was a desire of the City and its residents. He stated that he supports the road <br />name change and everything else proposed in the case. <br /> <br />Deputy City Administrator Gladhill commented that there was earlier discussion related to park <br />dedication and if cash were taken the full amount would be about $800,000. He stated that this <br />area is underserved in terms of park recreation and therefore the recommendation from the Park <br />and Recreation Commission was to take a one-acre parcel and $350,000 in order to create a park <br />in this location. He agreed that the preservation of the wooded area was an ask from the residents <br />and City. He stated that if the Council wants to back the $350,000 from City funds, he would <br />recommend a source outside of park dedication dollars as those funds are planned to be used to <br />build the actual park. <br /> <br />Councilmember Musgrove stated that it appears there are two contingencies related to funding, the <br />cost of the seven acres along with the one acre and $350,000 for park dedication. She asked if the <br />price of the seven acres is actually $350,000. <br /> <br />Deputy City Administrator Gladhill commented that the contingencies for funding are related to <br />the seven acres and Riverdale Drive. He stated that the park dedication is satisfied through one <br />acre in land and $350,000 in cash contribution as recommended by the Park and Recreation <br />Commission. He stated that the developer is asking for $350,000 in order to preserve the seven <br />acres, which is separate from park dedication. <br /> <br />Mayor Kuzma asked if this could move forward tonight, with the contingencies, if the HRA fund <br />were identified for the funding source. <br /> <br />Deputy City Administrator Gladhill commented that from the perspective of staff that would be <br />allowed. He stated that the resolution could be amended to include the ask from the County for <br />use of the HRA fund. He stated that the Council could also ask the developer for input on their <br />schedule. <br /> <br />Steve Bona, Capstone Homes, commented that this has been a long process and they appreciate <br />the time that City staff has spent on this along with the Council and Pearson family. He stated that <br />they also appreciate the support of the Public Works Committee to change the street name. He <br />stated that in reference to the tree preservation, when the framework was developed the obligation <br />of Capstone was to provide seven acres of tree preservation. He stated that the concept plan was <br />redesigned to incorporate that tree preservation area, which was a major change that removed about <br />20 homes from the plan. He stated that they agree to it and believe that it makes the development <br />better. He stated that as they moved forward with the work for preliminary plat and the <br />environmental worksheet, they believe they are fulfilling their obligation under the framework. <br />He commented that finding the tree preservation money is difficult and Capstone would like a <br />backup plan to be in place if those outside funds cannot be found. He stated that if approved, <br />Capstone has provided the tree preservation area and would like the assurance that the $350,000 <br />would be provided in one way or another before expending additional funds on construction plans. <br />He stated that he is not attempting to undermine staff but want to ensure that the obligation will be <br />fulfilled as the tree preservation was requested by residents and supported by the Planning <br />Commission and City Council. He stated that Capstone simply wants to ensure that the funds will <br />City Council / April 13, 2021 <br />Page 9 of 20 <br /> <br />