07-24-2023 City Council Packet - Laserfiche WebLink

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7 = Cash in Lieu Value $158,400 - Trail Construction Costs ($37,500) TOTAL CASH FEE DUE = $120,900 Plans and specs for Watermark Park are complete and construction is scheduled for Spring 2023 with substantial completion by Fall 2023. 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. In December 2020, the developer submitted another Wetland Replacement Plan to RCWD for the balance of the site. Phase 3 grading impacts 5.9784 acres of wetland which require a 1:1 mitigation. The plan was to buy wetland credits for mitigation; however, viable wetland restoration and creation opportunities exist within Phase 3; therefore, onsite restoration and creation will be used for mitigation. This is consistent with the Parks and Open Space Plan and the establishment of the greenway corridor including wetlands, trails and open space. To date, wetland mitigation and restoration has been completed on Wetland Restoration Area RA1. Wetland RA2 and RA3 are partially graded. Wetland mitigation and restoration shall be substantially completed in Restoration Area 2 (RA2) prior to Council approval of Watermark 7th Addition. Open Space Easement Section 7.2 of the Watermark Master Development Agreement states the owner shall provide the City with a perpetual open space easement. The easement protects the parks, open space, wetlands etc. from any land disturbance that is not consistent with the Restoration and Management Plan. Currently, a “blanket” easement is in place that covers all outlots in Watermark. As each such outlot is further subdivided, the blanket easement area is re-defined with a detailed open space easement. An Open Space Easement shall be recorded over Outlot B, Watermark 6th Addition. The Watermark 6th Addition Final Landscape Plan details the location of required “Protected Open Space Area” signs.