05-11-2020 Council Packet - Laserfiche WebLink

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6 The following is a 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 (Outlot K, Watermark) ($32,000) - Land dedication value (Outlot I, Watermark) ($33,000) - Trail Construction Costs ($39,000) TOTAL CASH FEE DUE = $447,250 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 Application proposed wetland impacts, wetland creation, wetland restoration and upland buffer establishment. In April 2018, the developer revised the application to purchase 3.3671 acres of wetland banking credits as the proposed compensatory mitigation action. The wetland fill, impacts and mitigation (wetland bank credits) occurred within the Phase I grading limits and are complete. The establishment of the greenway corridor including wetlands, trails and open space on the north end of the Watermark development is a critical component of the project and will be developed in future phases. The Master Development Agreement details the timing, establishment and management of that corridor. An Open Space Easement has been dedicated over outlots containing wetlands, open space, stormwater ponds, berms etc. The Watermark 3rd Addition Final Landscape Plan details the location of required “Protected Open Space Area” signs. A Conservation Easement and Declaration establishing wetland buffer (both favor of RCWD) have been recorded over Wetland 17 (Outlot G, Preliminary Plat) as required by RCWD. When the lots abutting this buffer are graded in the future, these signs will be located along the rear lots lines. Development Agreement Master Development Agreement