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• <br />Century Farm North Final Plat <br />page 4 <br />TOTAL CASH CONTRIBUTION <br />previously total new cash per <br />total units platted units unit <br />total <br />249 8 241 $ 1,665 401,265 <br />VALUE OF LAND DEDICATION <br />upland acres 7.813 <br />addl. acres for east trail 0.060 <br />addl. acres for north trail 0.250 per acre <br />total dedication credit 8.123 $ 28,000 (227,444) <br />OTHER <br />construction of concrete sidewalk (5') and bituminous trail (8') $ (70,000) <br />balance: cash dedication $ 103,821 <br />That is, the land indicated on the "Preliminary Park Plan" of June 23, 2003 would be <br />dedicated. Upland would be credited toward the park dedication as would two small <br />additional pieces to preserve the potential for future trail connections. Construction of <br />the sidewalk and trail would be credited. The listed cash balance would be dedicated as <br />well. <br />The developer has agreed to the land dedication and to escrow the cash, but wants to <br />investigate the justification of the formula and the land values being used in the <br />dedication policy. <br />Condition #15 requires additional right of way for Sunset Road. This is supplied <br />on the final plat. <br />OPTIONS. <br />Approve Resolution 03-101 approving the final plat for Century Faun North. <br />2. Return to staff with direction. <br />RECOMMENDATION <br />At the time of writing this report, the title commitment and homeowner association <br />documents have not received City Attorney approval. <br />The City Council must decide if it is acceptable to rely on the homeowners association to <br />enforce the airplane hangar design elements. <br />If the issues listed above are satisfactorily resolved, staff recommends Option 1. <br />