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CITY OF L= LAMS <br /> PARK SCAW 11AG <br /> MCNDAY, NOVENEOR 7, 1994 <br /> Me contlilued by saying if the board looked at this concept in an <br /> overall -vision, and park acreage need concern, the larger area on <br /> the north side of the development is about 19 or 20 acres giving <br /> this area a large open space for recreation, Since the developer <br /> does not control this land yet, he has indicated that he would <br /> write into the agreement assurances of a land dedication in an <br /> area that he does now own in the area indicated as Phase V, and <br /> highlighted by the green cross-hatch in Exhibit D of the concept <br /> plan. This area would be a 10 acre parcel in size. Marty said <br /> this was obviously oat the best scenario for anyone- <br /> Marty izicluded a copy of the pla=iing report for the public <br /> hearamg concerning Clearwater Creek. The report basically covers <br /> Phases I and IT as it refers to park dedication- He noted that <br /> the proposed dedication is for 36.13 acres. This figure reflects <br /> park acreage including wetlands. Thus, this figure would now be <br /> different_ <br /> Heasked the members to refer to the break-out sheet of .and <br /> percentages and formal proposal cover page submitted by the <br /> developer. For Phase 1, the developable upland area is 77.2 <br /> acres. The 10 percent park land dedication would equal 7.7 <br /> acres, in an area of 153 lots zoned R-1 (single faTnily) with a <br /> density of 9 lots per acre for Phase 1, and 2.4 lots per acre <br /> for Phase IT. The developer has indicated in his cover letter <br /> that he wishes to meet park dedication on a per phase basis using <br /> a system of banking and credits. Should the land dedication of <br /> one of the phases -fall below the park dedication requirements of <br /> the phase being considered, the developer would submit a cash <br /> dedication to be released upon further dedication. <br /> Marty continued by saying the overall proposed parr dedication of <br /> the developer exceeds the land dedication requirements of the <br /> project as a whole. Referring to the break-out sheet, the total <br /> buildable upland of the project is 195.8 acres, with a total land <br /> dedication of 40.6 acres. The large area to the north is the <br /> largest share of this, totaling 24.5 acres, This area is <br /> considered floodplain, however, city code and our surface water <br /> management plan allows for Uie use and development of floodplain <br /> as park. In overall dedication, the developer wishes to exceed <br /> his required park dedication needs. <br /> Marty reconiiended the Park Board accept the park dedicaticn for <br /> Phases I and :[I land and trails based on the overall concerns for <br /> this development. The recomTendation includes banking, credits, <br /> and cash assurances. Further should the land area to the north <br /> not be developed, the developer would give written assurances of <br /> 3 <br />