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Mounds View City Council December 14, 1998 Page 10 for the Anthony Properties Addition. Associate Ericson gave the staff report as follows: Anthony Properties, the developer of the 15-screen Carmike Theater project has applied for a major subdivision of the parcel formerly know as the O'Neil property, presently referred to as the "Theater Site." According to the City Code, a major subdivision is defined as a subdivision of a parcel greater than one acre in area or one in which more than one lot is created. The theater Site comprises approximately 26 acres and is proposed to be subdivided into seven parcels, in keeping with the approved final stage plan of the Planned Unit Development (PUD). The Mounds View City Council approved the development stage of the Anthony Properties PUD on Apri127, 1998. This PUD allows for the 15-screen movie theater, three office buildings and two retail or restaurant uses. The final plan for this development was approved administratively by the City on July 30, 1998 and a building permit was issued for the theater building. The parking lot has been paved and striped and accesses have been stubbed into both Highway 10 and Donatelles. The access to County Road HZ has been completely installed. Because of the multiple uses and potential for multiple ownership entities, a platting (subdivision) of the theater site is required. This requirement is evident in Item 21 of the approved PUD Document for the Theater Site and results from a City Code stipulation prohibiting more than one principal structure upon a single parcel. Staff was recommending approval of Resolution No. 5286, a resolution approving the preliminary plat for the Anthony Properties Addition, with stipulations. Ericson noted that approval of Resolution No. 5286 would approve a preliminary plat. Before the final plat is approved, the City shall have received a park dedication fee in the amount of $103,250 from the applicant. Mayor McCarty, for clarification, said the 19 foot easement running parallel to Highway 10, which allows for implementation of the Highway 10 Design Theme is being granted in the preliminary plat by the developer. However, in the future that may be preempted by the state. Ericson said it is not granted as part of the platting process because you can only have utility or drainage easements on a plat. So what is needed is a separate easement document, which is currently being drafted by the City Attorney. The City sees no problem with the granting of the easement. Mayor McCarty stated the park dedication fee should be based on the higher of two figures, those being: current appraised value and estimated value at the time the project was initiated.