Minutes - Council - 01/11/2022 - Laserfiche WebLink

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the developer has to pay to the City. One of those fees are park dedication fees. In this case, there are some credits being provided for certain aspects of that and what would be deeded to the City long term for the purposes of the park. Parks and Assistant Public Works Superintendent Riverblood summarized the details related to the park fees. He stated that with the 2030 Comprehensive Plan, the City has identified an area north of Trottbrook as an area for another city park. That has been in the works for a long time. A need for a park was determined even for the existing development south of Trottbrook. He explained that when this plat was first discussed by a different developer, the Parks and Recreation Commission determined that area would suffice for a community park and provided a recommendation to City Council to proceed. In October 2021, the Park and Recreation Commission confirmed that park planning recommendation to City Council, which is in the first attachment of the email that Deputy City Administrator Hagen sent to Council. It contains preliminary numbers relative to the barn renovation that was researched at Council direction at the Work Session before last. He explained Staff has been working on collecting those numbers and expediting them, which is why Council received preliminary numbers via email today. They are going to the Parks and Recreation Commission this Thursday. All those recommendations for park dedication, land and cash, trails to be constructed, and trail fees to be paid will come back to Council in detail within the development agreement, which is the next step in the plat process. He stated the preliminary plat provides for guidelines in land use and in this case, it includes 23 acres of park, and will capture all the details in the park concept plan and what the developer owes in terms of cash via land in the land agreement. He stated there is an opportunity to comment and look at the detail of that because it is included in the final plat approval. Councilmember Howell commented that in looking quickly through the email, her concern is that it looks like a $1.3 million price tag. She questioned how that was going to be paid, if it would be a benefit to the City, and if the residents want it. Parks and Assistant Public Works Superintendent Riverblood replied that one aspect of this is that community parks serve the whole community. This development is bringing forward the opportunity for the City to get a community park at no land purchase cost. He used the example of Elmcrest Park, which the City purchased for around a quarter of a million dollars 20 years ago. In 2014, the community building was completed there. He noted that today’s cost for replicating the smaller building would be over $1 million. These things are consistent with park planning and providing a park for the whole city to use. He stated in this subdivision, as proposed within the preliminary plat, park dedication is solved by land in the amount of 65%. There was no credit given for the historic buildings nor the farmstead house that can be repurposed for community use. He stated that 35% of park dedication remains to be satisfied in cash. That would be, in terms of today’s rate, $337,350 that is still due. That should be applied to the building’s renovations which could be half a decade out. The park dedication money may be more as the future houses are platted in the next coming years. There are also the trail fees that go into the park trust fund. That was satisfied at 57%. He explained that would leave, in today’s rates, $153,900 in cash that comes into the City for future improvements. It may be more in future years if the park dedication and park fees go up, as the future phases are platted five or six years into the future as the developer has proposed. City Council / January 11, 2022 Page 12 of 25