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Medtronic Review October 10, 2005 Page 10 The Medtronic CRM plat has been updated to show proposed easements associated with the Medtronic CRM subdivision, to which Staff proposes minor changes as follows: 1. The easement over the Met Council sanitary sewer interceptor may not be vacated. 2. All of Outlot A shall be protected by public drainage and utility easement. 3. The periphery easement on Lot 3 shall be widened from ten feet to 40 feet. The easements to be vacated are shown on the page labeled Sketch and Description showing Existing Easements to be Vacated. These described areas (with the exception of identified parcel 7 which is the Met Council interceptor) are the easements are rights of way proposed for vacation via Ordinance 765. Right of Way No internal road system will be needed with this development and no right of way will be platted with the exception of the northernmost point of the project area abutting Coral Sea Street where the proposed round-about would encroach into proposed Lot 1. Given that public traffic will be conveyed through this area, it is recommended that the preliminary plat be revised to show the area as dedicated right of way rather than a simple access easement. There is excess right of way shown on the page labeled “Sketch and Description showing Existing Easements to be Vacated” proposed for vacation: Ardan Avenue, Edgewood Drive and Jackson Drive. These rights of way were originally platted with the Laport Meadows subdivision from the 1940s yet were never improved. According to the City Charter, excess right of way (as well as any excess easement) is vacated by ordinance. Ordinance 765 will accomplish the proposed vacations. Park Dedication Fees Consistent with and as articulated in the Purchase Agreement and Contract for Private Development, a park dedication fee in the amount of $865,000 is applicable with this subdivision of land. Ordinarily the City will assess a fee of either five or ten percent of the land value (less improvements) as determined by the Ramsey County Assessor. The 2006 County assessed valuation of the land being subdivided is $7,500,000. Assuming a ten percent dedication, the City would have received a dedication of $750,000. In this case, the dedication was agreed upon during the contract negotiations based on the purchase price of the land. The dedication fee will be paid at the time of building permit application. Comprehensive Plan Consistency The division of land as proposed by the preliminary plat would be consistent with the Comprehensive Plan, as amended by the City Council and approved by the Metropolitan Council. The Future Land use Map designates this land as “Office” which is the use planned with this subdivision.