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Public Land Dedication <br />The City will require a combination of land dedication and cash in lieu of land. Phases I, II, IV <br />and Outlot B (age -restricted multi -family complex) will pay straight park dedication fees per unit <br />at the time of each final plat. Phase III will dedicate 5.04 acres of parkland, credit trail <br />construction costs and collect any remaining cash balance associated with Phase III. The park <br />land dedication and trail construction is anticipated to occur in 2015. Market value based on <br />2015 Anoka County Estimated Market Land Values (MKLND) is approximately $23,732 per <br />acre. The developer purchased the property for approximately $26,500 per acre. An agreed upon <br />market value for land dedication is $25,000 per acre. <br />Phase I-NorthPointe: 21 lots x $2,500 per lot = $52,500 <br />Noise Study <br />A Traffic Noise Assessment dated April 25, 2014, prepared by David Braslau Associates, Inc. <br />was submitted. Staff consulted with the MPCA and MNDOT noise specialists and had the <br />following comments: <br />1. The Traffic Noise Assessment applied certain exceptions to the state rules which brought <br />those noise levels that exceeded standards into compliance; however, it is the opinion of <br />both MPCA and MNDOT those exceptions do not apply to this project. Noise standards <br />for nighttime levels along both I -35E and CSAH 54 exceed the limits. <br />2. Field monitoring data shall be collected to support the traffic modeling data in the study. <br />3. The developer/consultant shall provide a cost benefit analysis and documentation for <br />avoidance and mitigation efforts. Factors to be considered include increased setbacks, <br />higher berms and noise wall construction. <br />The developer provided additional information regarding cost benefits, additional setbacks and <br />other mitigation efforts. Whereas full compliance with noise standards is certainly a goal of the <br />City, it may not be achievable. The intent of noise mitigation is to minimize the effects of noise <br />to the greatest extent possible but within reasonable costs and measures. The developer and staff <br />agreed to increase the height of the berm with landscaping along I -35E from 12 feet to 15 feet <br />and to construct a continuous minimum 3 foot high berm with landscaping along CSAH 54 to <br />minimize noise in a cost efficient and feasible manner. <br />Development Contract & Planned Unit Development Agreement <br />The City Engineer has prepared the Development Contract which provides for the submittal of <br />fees and securities to cover City review costs and ensure completion of the public and private <br />improvements in accordance with the approved plans. The City Attorney has reviewed and <br />approved the Title Commitment. <br />3 <br />