Parks Packet 05.20.20 - Laserfiche WebLink

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The PUD Amendment proposes 84 apartment units in seven buildings instead of the 165 approved units in three buildings. The building has a mix of one, two and three bedroom units for rent. The original PUD allowed an increase in the maximum density from 6 units per acre to 18 units per acre for the overall PUD. Outlot B is 17.61 gross acres (7.88 net acres), which means the proposal has a net density of 10.66 units per acre, which is within the allowable density for the PUD. The developer is requesting flexibility for building and parking setbacks with their PUD. In exchange for this flexibility, the city expects a higher level of design and amenities within a project. 3. PARK DEDICATION: With LaValle Fields, park dedication was approved at the Parks Commission meeting of December 11, 2013. The developer proposed dedicating a combination of land and fee. Originally, the approval was for 295 units on 16.18 buildable acres which is over 18 units/ acre. The amount of park land to be dedicated is based on the density. At over 10 units per acre, 17% of the buildable land is to be dedicated which would be 2.75 acres. 2.11 acres land was dedicated which satisfied 77% of the requirement. The remaining 23% was to be satisfied with fees. The 2013 calculations were based on a 165 units of apartments in phase 2. The current proposal is for 84 units. This reduction brings the density to over 13 units/ acre. Therefore, the density still exceeds 10 units per acre and the required amount of land to be dedicated would be the same. At this time, the park dedication fee is $2,400 per unit. The developer requested dedicating the land with the first phase and fees with the other phases. This significantly complicates the calculations, but the Commission accepted the arrangement. Because of this arrangement recommended by the developer, fees paid with the apartment project would be collected based on the total number of units in the entire development. The fees would be calculated as follows: Keystone Place Hugo Gardens Future Expansion of Keystone Place TOTAL: 100 units 84 units 30 units 214 units x 23 % x $2,400/ unit = $118,128 Therefore, the total amount of fee to be paid with the entire LaValle Fields development is $118,128. The developer had indicated that the fee would be split up between the two remaining phases. If this calculation is to be based on number of units, the apartments would be responsible for 74% of the fee and the future Keystone Place expansion would be responsible for 26%. Or $87,414.72 and $30,713.28 -2- Hugo Gardens May 20, 2020