Agenda - Parks and Recreation Commission - 01/13/2022

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Crossings, staff will continue to refine concept plans leading up, and including the Final Platting timelines and processes. Funding Source: The Applicant is responsible for all costs associated with review. Park and trail fees, required for any residential subdivision may be credited to certain improvements, in different phases of the project. Cash Park Dedication and Trail Fees will be held in the Park Trust Fund, and are understood to be used primarily for the future development of the community park discussed for this subdivision. Recommendation: Staff recommends that Park Dedication and Trail Fees be satisfied as follows: Park Dedication —That, 10.79 acres of fully usable land are proposed to be dedicated for park, and 4.31 acres encumbered by the overhead electric transmission lines and tower are to be credited at 50% or the equivalent of 2.15 acres for a total of 12.95 acres of upland. And that, 12.95 acres satisfy 65% ($614,250) of the Park Dedication due, leaving 35% to be satisfied by a cash contribution ($330,750), with the full Park Dedication cash amount in effect at the time of platting be collected on the last 35 lots platted, with the first 175 lots platted considered satisfied. Park fee to be satisfied via cash contribution would be $330,750 (2021 rate). Trail Fees —The Developer shall construct 2,820 of bituminous trail in the appropriate phase of the subdivision, which will be credited at $25 per lineal foot or $70,500. The Developer will be constructing 160' feet of boardwalk installed on mud pans at $185 per lineal foot, and accordingly $29,600 shall be credited against Trail Fees owed. The Developer shall also be constructing 40' feet of floating boardwalk (bridge) anchored by 4" galvanized spuds at $400 per foot, and accordingly $16,000 shall also be credited against Trail Fees owed. The total of credit against Trail Fees for the bituminous trail and boardwalk is $116,100, leaving 57% of Trail Fees to be satisfied by a cash contribution of the rate at the time of platting each lot. Trail Fee to be satisfied via cash contribution would be $153,900 (2021 rate). Action: Motion to recommend to City Council that Park Dedication and Trail Fees for the Trott Brook Crossing shall be satisfied by a combination of land, cash, and credit for certain park and trail improvements as specified within this case. Site Location Map Site Plan Park Area Exhibit Map lnbox Grant Riemer Mark Riverblood (Originator) Grant Riemer Bruce Westby Folio Started By: Mark Riverblood Attachments Form Review Reviewed By MaryJo Warner Mark Riverblood Grant Riemer Bruce Westby Date 10/08/2021 10:30 AM 10/08/2021 10:50 AM 10/08/2021 10:55 AM 10/08/2021 01:09 PM Started On: 10/07/2021 10:41 AM