2013.12.19 PC Packet - Laserfiche WebLink

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LaValle Fields Preliminary Plat and PUD Page 10 constructed within the future realigned Finale Avenue to connect to the water system near Well #4. C. Preliminary Plat Lot Size The applicant is showing one lot and 4 outlots. The senior housing facility is proposed to be located on Lot 1 and is 4.25 acres in size. Outlot A is proposed to be dedicated for parkland and is 1.76 acres. Outlot B is proposed to be the parcel where the three apartment buildings will be located and is 18.36 acres. Outlot C is a vacant parcel located within the floodplain and will retain its existing ownership and zoning and is 8.53 acres. Outlot D is a vacant parcel located within the floodplain and will be used for the stormwater facilities. Outlot D will be owned and maintained by the developer and is 2.69 acres. Park Dedication The applicant is required to pay park dedication to ensure that the City's parks system provides for the recreation needs of the additional residents the development brings. The Parks Commission evaluates each proposed dedication to ensure that it meets requirements of the Park Dedication Policy and that it is in keeping with the Parks Plan and provides a recommendation to the City Council. The applicant is proposing to dedicate a combination of land and fee. The applicant is proposing to dedicate 2.11 acres of land. Part of the existing right-of-way for Finale Avenue North is included in the land dedication. The applicant will be re -constructing. Finale Avenue North in a new right-of-way to follow a re -alignment that is suitable for the development. The land dedication includes .35 acres of the existing right of way that will become part of Lions Park, after the road is removed. The 2.11 acres that are proposed to be dedicated satisfies 77% of the total park dedication requirement. The remaining 23% will be fulfilled by payment of a fee. The fee for the proposed development would be $552 per unit, which is 23%'of the current fee of $2,400 per unit. With the proposed 295 unit development the total fee would be $162,840. In summary, the applicant is proposing the following be dedicated for the entire planned unit development: ■ 2.11 acres of land (located adjacent to Lions Park) ■ And $162,840 in cash -in -lieu of land Since the development will occur in phases, the park dedication will occur at the time of final plat for each phase. The applicant is proposing to dedicate none of the fee and the entire land dedication with Phase 1. At its December 11, 2013, meeting the Parks Commission unanimously recommended accepting the 2.11 acres for parkland and fee as proposed by the applicant.