05-11-2020 Council Packet - Laserfiche WebLink

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5 Johanna Circle 60 feet 32 feet Itasca Circle 60 feet 32 feet Private Road (Townhomes) Ada Drive NA 28 feet Jasper Court, Island Court, Heron Court NA 24 feet Sheets 24-26 of the Watermark 3rd Addition Sanitary Sewer, Watermain, Storm Sewer and Street Construction Plans include “Road will be Extended in the Future” sign and street lighting locations. Watermain, sanitary sewer main, stormwater facilities, sidewalks and trails are being constructed consistent with the PUD Development Stage Plan. Sidewalk is being installed along Crane Drive and Watermark Way as required. Public Land Dedication and Fees As approved with Resolution No. 16-51, the City will require the following combination of land dedication and cash is lieu of land dedications: 1. Land dedication for the public and private parks will be credited from the total payment in lieu. 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 1,200 lf 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 lf along CSAH 54 (20th 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. The credited value of Outlot K, Watermark is $32,000 and Outlot I, Watermark is $33,000. Lennar stated the tot lot and play equipment in the townhome neighborhood will be developed by August 30, 2021. 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.