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TO: <br />Dan Brausen <br />Jerry Boog <br />Gail Acosta <br />ATTACHMENT #4 <br />MEMORANDUM <br />FROM: Joel Hanson, City Administrator <br />DATE: January 24, 2013 <br />RE: Future Development Potential (Pine Tree Pond Ghost Plat) <br />When the City evaluates development projects, we look at adjoining properties in an <br />attempt to ensure we do not limit development potential of an area. To that end, we <br />asked Masterpiece Homes, Inc. to prepare a possible layout for your properties as a part <br />of the evaluation of the proposed Pine Tree Pond development being submitted. <br />Here are some key points of interest you will need to consider relating to future <br />development of your area: <br />➢ You will control when (if) your property develops. <br />➢ The three properties will need to be done as one project to make it practical and <br />financially feasible from a development perspective. (A parcel by parcel <br />approach does not appear workable given ordinance requirements for cul -de -sacs, <br />right -of -way dedication, utilities, and drainage.) <br />➢ We would suggest that costs and revenues be split based on the contributed <br />square footage of the developed land area. This rationale is based on the fact that <br />it is unlikely any one parcel could effectively develop on its own. Also, whether <br />the contributed land area is used for streets, ponding, or lots; the value is the same <br />if one assumes the lots can't develop without the other components. Obviously, a <br />different arrangement could be made by the three property owners. <br />➢ There could be some costs associated with the Pine Tree Pond project that would <br />be passed on to your area. These could relate to storm sewer capacity, and other <br />infrastructure costs. It is too early in the process to fully address this issue, but <br />you should be aware of it. <br />16 <br />