03/11/2020 P&Z Packet - Laserfiche WebLink

Home Search

2. Costs for public park improvements and trail construction will be credited from the total payment in lieu. 3. Improvements to the private parks and recreational center will not be credited from the total payment in lieu. In the 3rd Addition, an 8.5 ft wide bituminous trail will be constructed 1,2001f along the eastern berm. A Permanent Trail Easement was recorded in March 2019 that includes this trail section. A 10 ft wide bituminous trail will be constructed 1,000 if along CSAH 54 (20d' Avenue) within Outlot A. A Permanent Trail Easement with Description Sketch has been drafted; however, there is a trail section from the townhome neighborhood to the south property line that needs to be included in the easement and Trail Construction Plan Sheet 27. Park dedication fees will also be credited for the private park land platted as Watermark, Outlot K and Outlot I. These are the private parks in the Discovery neighborhood near Crane Drive and the tot lot in the townhome neighborhood. Per the Master Developer Agreement (MDA), the park dedication fees are based on an appraisal of fair market value. An appraisal was prepared in December 2018 by Insight Realty Advisors, Inc. and forwarded to Lennar for their review. The final values will be reflected in the Council staff report and 3rd Addition Development Agreement. Lennar stated the tot lot and play equipment in the townhome neighborhood will be developed in 2020. Per Resolution No. 16-51, credit will not be given for theses private park improvements. The 3rd Addition Landscape Plans shall include details from the Overall Landscape Plan detailing the tot lot site plan, landscaping and equipment. The following is a preliminary summary of the land dedication and fees: Watermark 3rd Addition Total # Units 175 x Park Dedication Fee $3,150 Cash in Lieu Value $551,250 - Land dedication value TBD - Trail Construction Costs ($39,000) TOTAL CASH FEE DUE = j TBD Wetlands Wetland delineations were approved by RCWD and USACE in 2015. The delineation identified 28 wetlands totaling approximately 20 acres in size. The original approved WCA Sequencing 2