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CPublic ParkCity <br />Open space, stormwater pond, <br />DHOA <br />trail corridor <br />EFuture senior living buildingPrivate <br />FFuture commercialPrivate <br />Phasing Plan <br />The development is proposed to be built out in 4 phases: the 2 multiple family buildings, the <br />townhome buildings, senior building, and commercial. See attached Phasing Plan. <br />Public Land Dedication <br />As allowed per City Code Section 1001.115(10), the City will combine land dedication and cash <br />in lieu of land. Land value for the 3.4 acres of public park is based on Anoka County market <br />values. Credit will also be given for trail construction costs. The following is a summary for <br />Phase 1: <br />Total # of Lots/Units =220 <br />x Park Dedication fee$3,500 <br />= Cash in Lieu Value$770,000 <br />Acres of land dedication3.4 <br />x per acre market value$9,039 <br />= Value of Land Dedication$30,734 <br />Cash in lieu total$770,000 <br />-Value of Land Dedication($30,734) <br />= Cash in lieu balance$739,266 <br />Cash in lieu balance$739,266 <br />- Park Trail Costs($38,119) <br />Final Cash lieu balance =$701,148 <br />Wetland Buffer Declaration and Conservation Easements <br />A wetland buffer declaration shall be recorded over the wetlands and buffers. A conservation <br />easement shall be recorded over the wetlands and open space areas. <br />Title Commitment <br />4 <br /> <br />