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Mounds View Planning Commission October 18, 2000 Regular Meeting Page 3 Staff recommends approval of Resolution 638-00, a resolution recommending approval of the Mermaid Addition preliminary plat, subject to the following stipulations: The Preliminary plat shall be revised by indicating the current property owners and appropriate legal descriptions for the involved parties. The developer shall execute a sign easement document which dedicates to the City of Mounds View the forty-foot triangle at the corner of Highway 10 and County Road H as shown on the preliminary plat for a City gateway sign. The developer shall submit the applicable park dedication fee of $92,306 prior to the City signing the final plat. Planner Ericson noted if Resolution 638-00 is approved by the Planning Commission it would then be presented to Council for approval. The applicant was not present. Commissioner Stevenson inquired as to whether the applicant was aware a park dedication fee would be required. Planner Ericson indicated the applicant was made aware of the requirement for a park dedication fee earlier in the process and was quoted a somewhat lower figure. Planner Ericson indicated the applicant may request some consideration on the fee. Commissioner Miller inquired as to whether the original quote for the park dedication fee included the Perkins property. Planner Ericson indicated it did but said the original quote for the park dedication fee was based on 1999 values while the current figure is based on Year 2000 values. In addition, the original quote did not include the portion of the business park property that is included in the plat. Altogether this amounted to a 12 percent increase. Commissioner Miller noted the reference to Highway 10 in the legal description was inconsistent. In some instances U.S. Highway 10 was used and in other instances Trunk Highway No. 10 was used. Planner Ericson indicated this is the legal description as it stands and once the plat is approved all references to Highway 10 are eliminated and there is no longer a problem with consistency. Commissioner Thomas inquired as to the difference in the first quote for the park dedication fee and the present quote for the park dedication fee. Planner Ericson indicated the first quote for the park dedication fee was approximately $82,000. Chairperson Peterson inquired as to the logic behind the additional the right-of-way dedication on the north side of County Road H in front of the Music Off 10 Parcel. Planner Ericson indicated the City did not require that and said the Mermaid did that on their own.