Parks Packet 04.20.22 - Laserfiche WebLink

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- 2 - Shores of Oneka Lake April 20, 2022 The applicant is requesting flexibility from the standard zoning code with the PUD for lot size, side yard setbacks and shoreland standards. The density can be increased to four units per acre under a PUD. With 131.66 total acres less 25.89 acres of wetlands and 7.12 acres of floodplain, the property has a total buildable acreage of 98.65 acres. With 318 units, the net density is 3.22 lots per acre. 2. BACKGROUND: The Parks Commission reviewed a concept plan in this location from a different developer for a residential development known as Creekside Heights at their meeting of October 18, 2017. The proposal included 258 residential units. The Commission provided input that they were supportive of construction of a trail and park dedication of upland adjacent to Oneka Lake. The Commission also provided input on and valued the trail connections and preservation of trees. 3. PARK DEDICATION: The developer is required to dedicate land, pay a fee, or a combination of land and fee to satisfy park dedication per Sec. 90-324 of the City Code. The applicant is required to dedicate 10% of the developable acres for park land with a density of 0-3.99 units per acre units per acre. The developer has indicated that there are 98.65 acres of buildable land in the development. Therefore, the developer is required to dedicate 9.8 acres of park land. The current park dedication fee is $3,400 per unit. If a fee is preferable, with 318 units, the park dedication fee would be $1,081,200. Park Dedication Calculations Required *Land OR Fee Proposed Land 10% of the developable acres 9.8 acres 3.89 acres and Fee $3,400 per unit $1,081,200 $648,720 The developer is proposing to dedicate a combination of land and fee to satisfy the park dedication requirements. The proposed land dedication of 3.89 acres satisfies 40% of the requirement. The remaining should be satisfied with payment of 60% of the fee ($2,040 per unit) which would total $648,720 with 318 units. The developer is also asking for credit for the cost of park amenities and construction of the trail. The developer has indicated that the trail and boardwalk adjacent to the lake is estimated to cost $148,500. It is not within the Park Dedication Policy to give credit for costs incurred by the developer for construction of trails or parks.