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1 Planning Case No. 505-97 Mounds View Business Park East Second Add'n Plat October 27, 1997 Page 2 As with any subdivision of land within Mounds View, two issues need to be addressed. The first is easements. As a result of previous plattings, easements have already been dedicated to the City which will need to be vacated as a condition of this plat's approval. As a result of the earlier plat approval, the City Council adopted Ordinance No. 554 on February 27, 1995 that vacated the easement areas highlighted on the 8'/2 by 11 plat reduction attached to this report. While this ordinance was never recorded with Ramsey County, staff verified that it can still be done at this time to validate the vacation. In return, the City will require that the outermost or exterior 10 feet of the to-be-created parcel be dedicated to the City as a permanent drainage and utility easement. The other issue addressed with the platting(and replatting) of land is the park dedication requirement. According to Section 1204.02 of the City Code, all subdividers of land are required to dedicate to the City for public purposes a portion of land, or, at the City's sole discretion, an equivalent amount in cash based upon the value of the land. It has been and continues to be the City policy of requiring a cash dedication in lieu of land. For commercial and industrial lands, the appropriate dollar amount is ten percent of the fair market value of the land. Because this proposal replats land for which park dedication fees have already been paid, Subd. 6 of Section 1204.02 relating to dedications for re-subdivision applies. Staff calculates that the appropriate park dedication fee for this re-subdivision is $56,771, which amounts to ten percent of the land's fair market value less prior park dedication payments made for these properties. The applicant has indicated a willingness to pay this amount in a letter dated 9/18/97. • Recommendation: Approve Resolution No. 5168 approving the final plat for the Mounds View Business Park East Second Addition, otherwise known as the Building N site, with stipulations. James Ericson, Planning Associate Attachments: 1. Planning Application 2. Zoning Map 3. Letter from Cathy Bennet to Applicant,dated 9/3/97 4. Letter from Applicant,dated 9/18/97 5. Plat Reduction 6. Full-size Plat,dated 9/8/97(Separate Attachment) 7. Planning Commission resolution 531-97 8. Resolution 5168 N:\DATA\GROUPS\COMDEV\DEVCASES\505-97\BLDGN-CC.RPT 11111