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Item 08C <br />Page 4 of 5 <br />Fee <br />Calculation <br />Lot 1 <br />$420,000 <br />$3,500 X 120 units <br />Lot 2 <br />$5,945 <br />10% X $5.25 X 11,325 s ft <br />Strategic Plan Strategy/Goal: <br />Continue BR&E program, maximize utilization of development space and current list of available <br />sites, encourage land owners to maintain their properties, & consider residential redevelopment <br />Financial Impact: <br />The plat will contribute $425,945 in Park Dedication Fees. <br />Planning Commission Recommendation: <br />The Planning Commission recommended approval (Resolution 1141-21). <br />Staff Recommendation: <br />Staff recommends approval, with conditions. A revised Preliminary/Final Plat was submitted on <br />November 2, 2021. Review is on -going related to stormwater management, and Certificate of <br />Title. <br />A Public Hearing Notice was published by the Shoreview Press on November 9, 2021, and <br />mailed to property owners within 350' of the subject property, and to property owners along <br />Mustang Drive, Mustang Circle, and Townedge Terrace (manufactured home park). <br />Respectfully, <br />�eQx <br />Jon Sevald, AICP <br />Community Development Director <br />ATTACHED <br />Aerial Photo <br />Resolution 9496 <br />Preliminary Plat <br />Final Plat <br />Application Application Complete 60-Day 120-Day <br />Oct 4, 2021 Oct 4, 2021 Dec 3, 2021" Feb 18, 2022 <br />11 The 60-Day review period has been extended to 120-Days, per MN Statute §15.99, Subd 3(f) (Application <br />Extensions). Notice was provided to the Applicant on October 22, 2021. <br />Thy .. .. _iun <br />A Thriving Desirable Community <br />