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the applicants shall dedicate six percent of the land area in the subdivision for the purpose of playgrounds, trails, parks, wetlands or open space. The Code also states that in lieu of the dedication of land, the City Council may require the developer to pay to the City an amount in cash equal to the percentage of the required land dedication, multiplied by the fair market value of the property at the time of final approval of the development application. For negotiating the park dedication requirement the City has determined the fair market value of the land based on the Ramsey County assessed value of $2,220,800. Six percent of the assessed value is $133,248. In addition to the City's park dedication requirements, State Statutes dictate how a City can use park dedication. Land and /or cash received for park dedication purposes must be used to expand a City's recreation system, and cannot be used for maintenance of existing facilities. In addition, park dedication should be used to provide enhanced recreation facilities for new residents associated with the new development; however, City's do have leeway to use park dedication to build out planned facilities provided those facilities are associated with a master parks and trails plan. Park Dedication Options For this application, the developer is dedicating to the City drainage and utility easements over all of the wetlands and storm water ponds within the development area. In addition, the developer has agreed to extend the drainage and utility easements beyond the delineated wetland areas to create a wetland buffer area. The wetland buffer area will be a minimum of five feet from the delineated wetland area, with an average buffer of twenty feet throughout the development. This wetland buffer area will be demarcated with plaques identifying the area as protected. This dedication is in addition to the six percent park dedication that the City will require. For the park dedication requirement the City can require up to six percent of the total land area, six percent of the assessed value in cash, or some combination of the two. The City had a traffic study done by SRF Consulting, which looked at the anticipated vehicle trips generated because of this development. The traffic engineer also looked at pedestrian and bicycle movements and made two recommendations for possible trail connections (Attachment A). The possible trail connections were a north/south connection from Highway 96 along Snelling Avenue North and an east /west connection from the new development to the north/south trail to the east. City of Arden Hills PTRC Meeting for April 19, 2011 I tMetro- inet.uslardenhillslAdmin \Committees & Commissions\Parks Trails and Recreation CommitteelLetters- Memos104- 19 -11- PTRC Report - Pulte.doc Page 2 of 3