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AGENDA ITEM -*5- <br /> STAFF ORIGINATOR Marty Asleson <br /> DATE December 21, 1993 <br /> TOPIC Rice Lake Estates Cooperative Park Update <br /> BACKGR6—b <br /> Please find enclosed background information on the cooperative park <br /> concept in the Rice Lake Estates Development. Several letters of <br /> correspondence, the final development agreement, maps, and concept <br /> sketch are all enclosed. <br /> Going through another file that I found at City Hall, I found the <br /> final development agreement. Please notice that page 5, item <br /> number 5 , states that the developer shall pay to the City the sum <br /> of $40,000.00 for the use by the city in development of park <br /> improvements on said lots and adjacent park property within Rice <br /> Lake Estates. <br /> In addition, there has been one property owner concerned about the <br /> boulevard trees that all but 4 residents received . This is also <br /> spelled out in the agreement under item lf. I am currently working <br /> on this. <br /> I will bring overlays tothe Park Board meeting for discussion <br /> purposes. <br /> ��PTI�NS � I <br /> 1. Continue the pursuit of this park concept. <br /> 2. Develop other options. <br /> 3 . Add the, $40,000 from the Dedicated Parks Fund to 1994 goals <br /> list. <br /> REcorN ON <br /> This :is an information update. There are 'no .recommendatiors from <br /> staff at this time, other than we need a recommendation from the <br /> Park Board concerning the $40,000. <br />