Laserfiche WebLink
5. Park Dedication <br /> Park use dedications for recreation or conservation purposes would be required as part of an <br /> approval of this application, and would be determined by the City Council. According to the <br /> City's subdivision ordinance the property is subject to a park dedication requirement because <br /> of the platting of the parcel. Based on the Code, park dedication can be in the form of a <br /> percentage of land dedicated to the City, or as cash in lieu of a dedication. In the event of a <br /> cash dedication, the amount could be up to ten percent of the fair market value of the <br /> property. According to the Ramsey County Assessor, the property has an assessed value of <br /> $2.67 million. Based on the current assessed value of the property the park dedication could <br /> be up to $267,000. The final park dedication requirements will be determined by the City <br /> Council. <br /> According to State Statute, cash payments made to cities in lieu of park dedication can only <br /> be used towards the construction of new recreation facilities and cannot be used to maintain <br /> existing facilities. <br /> 6. Additional Review <br /> The Building Official and Fire Marshall reviewed the plan and have submitted their <br /> comments (Attachment Q. <br /> Ramsey County has reviewed the plans and is requesting additional easement over the corner <br /> of County Road E and Lexington Avenue to accommodate a designated right turn lane from <br /> southbound Lexington Avenue to westbound County Road E (Attachment D). The <br /> additional easement would also provide for sidewalk along County Road E and Lexington, as <br /> well as a signal post locations, and a gateway monument at the corner at a future date. Staff <br /> is asking for a 30-foot by 30-foot triangular easement to accommodate these items. <br /> Discussion <br /> This building would be the largest apartment building in Arden Hills. The approved, but as yet <br /> not built, Arden Village is 55-units. The Park Shore, Cottage Villas, and Hunters Park buildings <br /> have 173 units combined. Given its size and location this is a significant project for the City. <br /> With all apartment buildings the key to their success rests in their long-term management. The <br /> City has no authority to regulate who buys or operates the Holiday Inn building once it is <br /> approved. <br /> City of Arden Hills <br /> Planning Commission Special Meeting for April 18, 2012 <br /> P:IPlanningWlanning Cases12012U2-009-1201 County Road E-PUD and Plat(Pending)W-18-12-PC Report-1201 County Road E <br /> PUD.doex <br /> Page 11 of 16 <br />