HomeMy WebLinkAbout2005-121 Council Resolution•
CITY OF LINO LAKES
RESOLUTION NO. 05 -121
RESOLUTION APPROVING THE FINAL PLAT FOR FOXBOROUGH AND
ACCEPTING A CONSERVATION EASEMENT
WHEREAS, a request has been submitted to the City for the approval of a final plat, and
WHEREAS, review and approvals of plats are governed by state statutes and City
ordinances, and
WHEREAS, the City Council approved the preliminary plat for Fox Den Acres on
January 10, 2005 with Resolution 04 -196, and
WHEREAS, the developer has changed the project name to Foxborough, and
WHEREAS, the final plat for Foxborough received by the City July 25, 2005 is
consistent with the preliminary plat;
• NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino
Lakes hereby approves the final plat for Foxborough.
BE IT FURTHER RESOLVED that the City Council hereby approves the Conservation
Easement, Covenants and Restrictions, and accepts the conservation easement described
in that document.
Adopted by the Lino Lakes City Council this day of
ATTEST:
Ann Blair,flity Clerk
•
, 2005.
7
• Foxborough Endowment Fund Summary
•
•
Initial endowment by developer $ 100,000 $ 100,000
Estimated interest per year at 4% and 8% $ 4,000 $ 8,000
Yearly homeowner's assoc. fees ($100 x 57 lots) $ 5,700 $ 5,700
Estimated total available each year $ 9,700 $ 13,700
x 20 x 20
Value of fund over 20 years $ 194,000 $274,000
Additional value of initial restoration work
in the conservation easement during development $ 40,000 $ 40,000
Total value of endowment fund and
related ecological stewardship:
not including original $100, 000 investment
note: annual homeowner fee will increase every five years
by lesser of 10% or the Consumer Price Index
$234,000 $314,000
•
CITY OF LINO LAKES
RESOLUTION NO. 05-121
RESOLUTION APPROVING THE FINAL PLAT FOR FOXBOROUGH
WHEREAS, a request has been submitted to the City for the approval of a final plat, and
WHEREAS, review and approvals of plats are governed by state statutes and City
ordinances, and
WHEREAS, the City Council approved the preliminary plat for Fox Den Acres on
January 10, 2005 with Resolution 04 -196, and
WHEREAS, the developer has changed the project name to Foxborough, and
WHEREAS, the final plat for Foxborough received by the City July 25, 2005 is
consistent with the preliminary plat;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino
Lakes hereby approves the final plat for Foxborough.
Adopted by the Lino Lakes City Council this 2Z� day of , 2005.
ATTEST:
Ann Blai , City Clerk
•
J. B t ges • Mayor
•
•
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•
RECEIVED
JUL 252005
CITY OF LINO LAKES
•
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•
•
•
AGENDA ITEM 6 D ii
STAFF ORIGINATOR: Jeff Smyser
C. C. MEETING DATE: August 22, 2005
TOPIC: Resolution 05 -121: Final Plat, Foxborough (Formerly
Fox Den Acres)
VOTE: 3/5
BACKGROUND
The developer has changed the name of this project from Fox Den Acres to Foxborough.
The City Council approved the preliminary plat for the Fox Den Acres planned unit
development on January 10, 2005 with Resolution 04 -196. This project is the first to
implement the new parks and open space plan through the use of a conservation
development. The conservation development approach, while often discussed in Lino
Lakes in the past, has not previously been pursued to the extent being seen on this
project. The total site is 50 acres and the permanent open space will include 28 acres,
about 56 %. The preservation of open space on this site will be an important step in the
implementation of the community's greenway vision.
The approval of the PUD included a number of conditions to ensure implementation of
the conservation development elements. These include the conservation easement
conditions and the association declarations and by laws, which will dictate how the City
and the association will work together to implement an overall conservation plan.
The overall conservation plan lays out what actions must occur to conserve and restore
specified natural features of the site. The homeowners association will prepare annual
implementation plans. The City will review each annual implementation plan to make
sure they are consistent with the overall conservation plan.
An escrow account will be established by the developer. Homeowners in the
development contribute to this fund annually. The City will release money to the
homeowners association for their annual implementation plans.
The final plat itself is consistent with the approved preliminary plat. The City Attorney
has reviewed the title commitment. The City Engineer has prepared the development
agreement.
The Planning & Zoning Board reviewed this final plat on August 10 and recommended
approval.
• OPTIONS
1. Approve the final plat for Foxborough.
2. Return to staff with direction.
RECOMMENDATION
Option 1
•