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The Preserve on Sunset Lake Page 6 of this 27-acre private open space amenity and the trail loop is one of the benefits of the PUD. The City Parks Plan shows a future trail along 12511 Street and staff recommends that a 10-foot trail easement be dedicated on the south side of the street. This would be in the same location as the 10-foot drainage and utility easement and would allow an opportunity for a future trail behind the ditch. Park Dedication and Open Space The City currently owns a 0.7-acre park parcel that is wooded with a slope to the Sunset Lake shoreline. Outlot B (0.93 acres) is proposed to be dedicated to the City for park purposes to expand the existing park property along Sunset Lake. There are currently no plans to make park improvements to the property. It has not been a priority for the Parks, Recreation and Open Space Commission with their annual goal setting or capital improvement planning. The park dedication section of the City Code requires the applicant dedicate 10% of the developable acres for park land with a density of up to 3.99 units per acre. The current park dedication fee is $2,400 per unit. The developer is required to dedicate 11.4 acres or pay a fee of$31,200. The developer is proposing to dedicate Outlot B totaling 0.93 acres. Staff finds that this satisfies 8% of the requirement and therefore the remaining requirement would normally be satisfied by paying a fee which would be $28,704. The applicant is requesting that the park dedication fee be waived due to the high cost of the lake front property and provided some information from an appraiser about the valuation on October 17th. Staff did not have adequate time to review the information before the Parks, Recreation and Open Space Commission meeting. The Commission considered this and recommended that the City accept Outlot B to satisfy a portion of the park dedication requirements for this PUD and take the remaining park dedication in cash. The Commission recommended that the City Council consider the land valuation based on an appraisal report from a source acceptable to both the City and the applicant. The Commission recommended that staff and the developer work to gather this information prior to the City Council meeting. C. Conclusions Staff has reviewed the PUD general plan and preliminary plat for consistency with the applicable standards outlined in the Comprehensive Land Use Regulations and the applicable PUD standards and finds that the applications are generally consistent with the standards with the conditions of approval as recommended in the attached resolutions. 5. RECOMMENDATION: Staff recommends approval of the rezoning, PUD and preliminary for Shlayba, Inc., subject to the conditions listed in the attached resolutions.