2016-050 Council Resolution - Laserfiche WebLink

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This reclassification will allow this 10 -acre parcel to be master planned with the other 372 acres of the Watermark project. c. The proposed, master planned project must provide discernable public values. Per the Comprehensive Plan, Goal #1, Policy #5 of the Land Use Plan defines the following discernable public values: i. Preserving open space, providing park dedication and trails, and/or providing stormwater management areas, in excess of minimum standards to implement the Resource Management System Plan, as amended, and Rice Creek Watershed District's Lino Lakes Resource Management Plan, as amended ii. Using "Green" building and low impact development techniques iii. Restoring/enhancing ecological systems iv. Ensuring long term natural resource stewardship funding v. Managing stormwater using natural filtration and other ecologically based approaches vi. Providing life -cycle and affordable housing vii. Diversifying the tax base to lessen the tax burden on residential properties viii. Providing infrastructure that benefits community beyond the project site that would otherwise not be financially feasible. Watermark PUD master planned residential development is consistent with the goals and `., policies of the comprehensive plan in regards to resource management, land use, housing, transportation and utilities. The development upholds the City's public values by creating a multi -functional open space greenway corridor integrated with the stormwater conveyance system, wetland management and trails. Watermark is consistent with mixed-use land and density requirements and provides a variety of market driven housing products that support life- cycle housing. Safe transportation corridors and public utilities also serve the development. d. Adequate infrastructure must be available to support development. Appropriate analysis will determine if adequate infrastructure is available and what utility extensions and transportation improvements are required to support new development. The City Engineer has reviewed the infrastructure and has determined adequate infrastructure exists or will be provided as part of this master planned community. e. There must be a commitment that the development will pay its proportionate share of infrastructure improvement costs associated with development. The developer has paid the previously assessed share of the I -35E Interchange project ($1.6 million) and will be responsible for construction of all new infrastructures within the project. BE IT FURTHER RESOLVED by The City Council of The City of Lino Lakes that the Land Use Guide Plan Amendment is approved to reclassify the northwest 10 acres from Urban Reserve to Mixed Use to be consistent with the remainder of the project; and 2