10/27/2004 Park Board Packet - Laserfiche WebLink

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• • Conservation Development Planning City of Lino Lakes The stewardship program will also include a general covenant that ensures that all homeowners are accountable for protecting the conservation easement. Activities within the conservation easement will be strictly limited to natural resource stewardship. The easements will also have signs placed along its perimeter at each property to control encroachment. The sign locations will be recorded and periodically checked using GPS technology. Provide Public Park and Trail Opportunities Consistent with the System Plan The final conservation development proposal as defined under Exhibit C meets or exceeds the goals established for parks, trails, and open space in this area. The proposed trail is a significant part of the overall trail corridor through this area of the city, ultimately linking the development to neighborhood parks and the regional park system. As the previous graphic illustrates, the total length of public trail under the final development proposal is approximately 0.80 miles. Manage Stormwater Using Natural Infiltration Approach Through an unprecedented collaborative effort, the City, Rice Creek Watershed District, and development are working collaboratively on using natural infiltration techniques to manage stormwater from the development. The basic approach is to emulate some of the practices used for the City Hall campus, which includes rain gardens and a variety of other systems to control stormwater flow rates and quality. Importantly, stormwater flows will be managed to avoid any increased flows onto or through nearby developments to the west. Preserve the Open Space Aesthetic By setting aside more land for natural open space than previously envisioned and implementing a long -term stewardship plan that ensures that this land is cared for, the open space aesthetic qualities to which community residences have become accustomed will be preserved to a much higher degree than would typically be the case following a conventional approach to development. A comparison of Exhibits A and C illustrates this point. Additional Agreement Parameters: Commitments to the Developer Inherently, realizing the public values associated with the final development proposal affects the economics of the development. Throughout the process, a good faith effort has been made to balance the interests of the City with those of the Developer. To be successful for all parties, the project has to be economically viable. It must also be recognized that the proposal is a package deal, meaning that each aspect of it is intricately related to everything else. Changing one thing inherently affects another. The agreement parameters defined above, along with the development proposal package, have addressed most aspects of the physical development plan and establishing funding for the stewardship program. There are, however, a number of additional agreement parameters that are very important to the development proposal that have not been covered thus far. The following defines each of these. Amendment of the City's Growth Management Policy Under current policy, yearly growth limits preclude the Developer from getting approval to build the entire development in one year under a single proposal. This significantly affects development costs due to the loss of economies of scale, additional remobilization costs, longer marketing and build -out period, etc. For the Developer to provide the public values as previously defined, it will be necessary to give them approval for the entire project in order to make the economics of the project feasible. This will require an amendment to the growth management policy of the City. Note that without this approval, the development proposal will become invalid in its current form. This is especially the case with the endowment fund, which, in a large part, is funded through the economic savings associated with approval for developing the entire project under one proposal. This would entail a direct economic loss to the City of $194,000 to $274,000 over a twenty year period. Brauer & Associates, Ltd. 5