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ARDEN HILLS CITY COUNCIL WORK SESSION—MAY 19, 2014 4 cost about $9 million dollars to develop these parks per the draft park plan. She discussed the park dedication fees that could be collected by the City for the TCAAP development. She asked the Council for questions or comments. Councilmember Holden questioned what was included in the storm water feature enhancements and storm water ponding. Ms. Kvilvang explained that the storm water ponding was the pipes, ditch, and grading for a normal storm water system. The enhancements would include those items above and anything beyond that, such as a bubbler or fountain, does not benefit the end property user. Councilmember Holmes did not believe that any enhancements to the storm water system were necessary. Councilmember McClung thought that the enhancements would be tied to amenities. Mayor Grant believed that the City and County need to be careful as he does not want the property to become over-burdened to a point that it cannot be sold. Public Works Director Maurer commented that it is still uncertain if the TCAAP site requires a water tower; however, this expense should also be kept in mind by the Council. Ms. Kvilvang indicated that the City's total outlay (including trunk utilities and the items discussed tonight) is estimated at $17.4 million and this amount will be refined over time and be calculated into development fees. She provided the Council with information on potential SAC and WAC fees. She commented that the Mayor is correct and that the City will have to find a balance on these fees to make sure the City is not over charging fees to the point that land sales are impacted. City Administrator Klaers estimated that if the Council proceeded with the low density AUAR scenario, the City will receive about $5 million in Met Council SAC credits. The Council should keep in mind that these fees will come in over a period of 20 years as the TCAAP site gets fully developed. Further discussion ensued regarding the Met Council SAC credit program and the number of units developed on TCAAP, along with the City's current park dedication policy. Community Development Director Hutmacher indicated that the City's current park dedication policy is for residential or commercial developments to pay 10% of land value. Ms. Kvilvang noted that the City is short on its park dedication fees based on its current policy and will not be able to cover all of the anticipated debt for park development. Mark Ruff, Ehlers & Associates, estimated that the current land value of the TCAAP site is roughly$73 million under the current model.