07-11-2016 Council Packet - Laserfiche WebLink

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3 Street Name Right-of-Way Width Street Width (Back to Back) Cypress Street 60 feet 32 feet Rosewood Street 60 feet 32 feet Easements and Easement Vacation Standard drainage and utility easements are provided on all lot lines. A Conservation Easement was also dedicated to RCWD over the wetland and buffer areas on Outlot D, NorthPointe. The applicant is requesting the drainage and utility easement dedicated in the plat of NorthPointe 3rd Addition lying over, under and across Outlot B be vacated to eliminate any potential tile issues. This easement will be re-dedicated on the plat of NorthPointe 4th Addition. The City Council approved a similar vacation with Ordinance No. 11-15 for Outlots C and D, NorthPointe when NorthPointe 3rd Addition was platted. The City Council will hold a public hearing tonight for the vacation. Public Land Dedication and Fees The City will require a combination of land dedication and cash in lieu of land for the entire NorthPointe development. Outlot D, NorthPointe 4th Addition will be deeded to the City for parkland. The outlot is 5.16 gross acres and 4.59 net acres (net acres excludes wetlands and area below the 100 year HWL). The preliminary plat indicated 5.04 acres of parkland but detailed grading and construction plans provide the more accurate gross and net acres. The City and developer agreed to $25,000 per acre for land dedication credit. NorthPointe 4th Addition Total #of Lots = 31 x Park Dedication fee $2,500 = Cash in Lieu Value $77,500 Net acres of land dedication1 4.59 x per acre market value $25,000 = Value of Land Dedication $114,750 Cash in lieu total $77,500 -Value of Land Dedication ($114,750) = Cash in lieu balance ($37,250) 1 Net acres based on Park Exhibit dated May 12, 2016 and excludes wetlands and area below the 100 year HWL.