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ARDEN HILLS CITY COUNCIL—April 25, 2011 19 8.C. Planning Case 11-006 — Fox Ridge Comprehensive Plan Amendment and Preliminary Plat (continued) - Public Works Director Maurer stated that he has also recommended to City Planner Beekman the City obtain a 100% letter of credit for the improvements on the site including the grading, utilities, and street construction. Councilmember Holden asked how the construction traffic on Arden View Drive would affect the Pavement Management Project that would be starting in June. Public Works Director Maurer stated one of the conditions of approval is that no construction traffic is allowed to access the property except from Snelling Avenue. Construction vehicles will be able to access those lots that are located on Arden View Drive by the use of this road. The section of Arden View Drive that would be used for this development is not included in the pavement management project. Councilmember Holden asked for additional information on the Home Owners Association (HOA) and how it worked especially in regards to maintaining the retaining walls and the grading. Mr. Peterson stated the Home Owners Association is established and governed by Minnesota State Statutes. Every year they have an annual audit. Fees for HOAs are based on replacement - reserves, which are calculated out through the course of time. Every quarter each homeowner is assessed an amount based on the maintenance that must be done. The replacement reserves for _ this development would include the monument, the retaining walls, the conservation wetland buffer signs, and other maintenance items. Every year a CPA audits the replacement reserves. When the HOA is turned over to a board they can decide to continue with the current management company that is handling the replacement reserves, hire a different management company, or manage the reserves themselves. Councilmember Tamble stated according to the traffic study the increased traffic flow on Keithson will not be as great as it would appear with an additional 10 cars during the peak times and 80 cars spread throughout the day. This is what would be considered the worst-case scenario and the traffic will probably not be this great. City Planner Beekman clarified the worst-case scenario of 75 cars on Colleen and Arden View Road was if there is no connection to Keithson Drive. MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to Approve Planning Case 11-006 for a Comprehensive Plan Amendment Adding Very Low Density Residential as a Land Use Classification in the 2030 Comprehensive Plan and Re-2uiding the Property at 4500 Snelling Avenue North as Verv_ Low Density Residential Based on the Findin s of Fact and the April 25 2011 Report to the Ci Council. The motion carried unanimous) 5-0 .