Agenda - Council - 07/25/2006 - Laserfiche WebLink

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. . . SECTION IV P ARK DEDICATION 16. Park Dedication. The Sweetbay Ridge Plat is located in the Trott Brook Recreation District. Park-dedication requirements shall be satisfied by a cash payment of Two Thousand Four Hundred Dollars and no cents ($2,400.00) perlot. The Plat is creating 68 lots. The cash payment due on the Plat is One Hundred Sixty Three Thousand Two Hundred Dollars and no cents ($163,200.00) (68 lots x $2,400/lot). This payment shall be made to the City prior to the release of the Final Plat for recording. SECTION V TRANSPORTATION AND LANDSCAPING 17. Trail Fees. The City Council has enacted a trail development fee in the amount of Five Hundred Eighty Dollars and no cents ($580.00) per unit. Therefore, a payment in the amount of Thirty Nine Thousand Four Hundred Forty Dollars and no cents ($39,440.00) (68 lots x $580.00/lot) shall be paid to the CITY prior to releasing the Plat for recording. 18. Trail Construction. The DEVELOPER shall be responsible for the construction of a 10 foot wide bituminous trail on the east side of Variolite Street N. W. from the north boundary of the Plat, south to J61st Avenue N.W. The construction costs for this segment of trail are not eligible for credit against trail fees due on the Plat. The remainder of this trail from 161 st Avenue N.W. south to Alpine Drive N.W. is anticipated to be constructed during Phase 3 of the development. That portion of .the trail beyond the south boundary of the plat will be eligible for credit against trail fees due on Phase 3 ofthe Plat. The Developer will also be responsible for the construction of that portion of the trail .corridor between Elmcrest and Central parks that lies within the boundaries of this Plat, and including the boardwalk east of the southeast plat boundary. The entirety of this portion of the trail link will be required for construction in Phase 1, including the boardwalk shown in Phase 2 located east of the plat boundary. In accordance with City policy, trails that supplant sidewalks or trails that are located in back yards are not eligible for credit against trail fees. In this case, the trail does follow 161 st Avenue N. W. for a certain distance and eliminates the need for a sidewalk; this segment of trail is not eligible for credit against trail fees due on the plat. The trail is also located in the back yards of Lots 1-5, Block 5, and will be eligible for credit against trail fees due on the Plat if a sidewalk is constructed on Rhinestone Street N. W. that connects to the trail.in Outlot B. Furthermore, all of that trail segment shown east of the. southeast plat boundary as a boardwalk will "Qe eligible for credit against trail fees due on the Plat. All trail construction plans and cost estimates, as well as any subsequent chang~s to plans and cost estimates, must be pre-approved by the City. The Developer must submit 'a: copy 01 the final payment invoice to the City to receive reimbursement. .. Sweetbay Ridge Development Agreement Page 7 of 13 -263-