Agenda - Council - 12/14/2021 - Laserfiche WebLink

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Riverdale Drive needs to be extended from Llama Street to Bowers Drive in order to serve this area. The City Council has previously approved a Cost Share Framework between the Developer(Capstone Homes), Owner (Pearson Properties of Ramsey) and the City. This is anon-binding framework,but sets important expectations. The City is currently working through plans for Riverdale Drive. Park Dedication At the recommendation of the Park and Recreation Commission,Park Dedication is planned to be satisfied by the following. • 1 Acre of Land Dedication • $350,000 Cash Contribution(for purposes of developing the 1 Acre Park) Tree Preservation A key component of public support of the project was to preserve an area of forest on the project site beyond the minimum requirements of City Code. The Planning Framework articulates that a component of allowing smaller lot sizes was to preserve an area of forest more than the minimum required by the City's current Tree Preservation Code. Using the Planning Framework as a starting point for discussion,the Developer ultimately proposed preserving 7 acres of the existing forest. The City Council approved a revised Cost Share Framework, on October 26, 2021, for the City to credit$350,000 towards Capstone's contribution to Riverdale Drive(ACHRA- $239,875 and PIR $110,125); subject to change based on final construction costs and associated lineal footage. The City continues to not support an additional credit to Park Dedication Fees to fund this $350,000 tree preservation expenditure. Environmental Review The project has completed an Environmental Review Worksheet(EAW). The EAW has gone through the Minnesota Environmental Quality Board(EQB)review process. It appears that the project meets all applicable environmental regulations and no further environmental review is recommended. Easements The principle structure shall be permitted to encroach no more than six(6)inches and the principle structure eaves no more than one (1) foot into the side yard easements. Alternatives Alternative 1: Approve the final plat as proposed. The final plat generally meets all of the City requirements, and the attached resolution includes contingencies of approval. Since the project meets all requirements and standards, the City Council should approve. Alternative 2: Approve with additional contingencies. Staff could be supportive of this if the City Council felt there were items not included in the attached documents. Funding Source: All costs associated with processing the Application are the responsibility of the Developer. The City Council approved the revised Cost Share Framework for the construction of Riverdale Drive and Riverstone South on October 26, 2021. Recommendation: Adopt Resolution#21-312 Approving Final Plat for Riverstone South Outcome/Action: Motion to Adopt Resolution#21-312 Approving Final Plat for Riverstone South