Parks Packet 04.20.22 - Laserfiche WebLink

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Shores of Oneka Lake Planned Unit Development Preliminary Plat Submittal Page 1 Shores of Oneka Lake Park Proposal INTRODUCTION M/I Homes of Minneapolis/St. Paul has entered into a purchase agreement to purchase property located between State Trunk Highway No. 61 and Oneka Lake and is requesting Preliminary Plat and Planned Unit Development (PUD) approval from the City. The 131.66-acre site is proposed to include a total of 218 lots including 109 single family lots, 40 twinhome lots, and 69 villa lots. There will also be a 100-unit apartment building on the northwest corner of the site to be completed by a different developer. ABOUT M/I HOMES M/I Homes has been in business for over 40 years and has built over 130,000 homes in 15 markets within the United States. They entered the Twin Cities Market in 2015 by purchasing Hans Hagen Homes. Hans Hagen Homes was founded over 50 years ago and was one of the largest and oldest home builders in the Minneapolis market. PARK PROPOSAL With the proposed development, there is a significant amount of open space being proposed. The total site area is 131.66 acres, with 66.21 acres of open space. The area adjacent to the lake (Outlot G) consists of a total of approximately 31.30 acres (3.89 acres of which are upland) and will be owned by the City. The upland area of this outlot will include a trail adjacent to the lake that spans from the north to the south of the plat. It does not connect to an existing trail as there is no development to the north or south, but it provides an opportunity to connect to the north for future development and connects to a City-owned property that will, in the future, become part of Oneka Lake Park. The trail will also connect to the development with boardwalks. The trail and this upland area will provide ample opportunity for recreation for residents and will include features such as city-owned docks and benches. Because of the provided amenities of city-dedicated land adjacent to Oneka Lake, along with a trail with views of the lake and the opportunity to enjoy the lake with docks and benches by not just residents of the development but all city residents, we are asking that the Parks Commission consider providing credit for the value of upland area and cost of park amenities and construction of the trail towards our park dedication requirements.