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City of Arden Hills City Council Meeting for January 25, 2021 P:\Planning\Planning Cases\2020\20-022 New Perspectives Senior Living - CUP, PUD, SP, ZCA\CC Packet\PH Page 9 of 10 study area. The use does not add enough traffic to require any geometric or traffic control changes. The anticipated trip generation during AM peak is 27 vehicles in and out of the site. The PM peak is 36 vehicles in and out of the site. The site is anticipated to create 424 daily trips. K. Park Dedication City Code 1130.08 requires that all subdivisions dedicate land to the City for a public use as a condition of approval for the development. Park dedication was not required as part of the original platting process for Planning Case 20-005 as the final uses were not indicated at that time. Park dedication was differed on the subject lots until development occurs. The proposed use of the subject property is high density residential and requires 20 percent of the gross area to be dedicated as parkland to the city. The subject site is 6.4 acre and would require 1.28 acres to be dedicated as parkland. The subject site does not have land feasible for a public park area. A cash contribution in lieu of land dedication may be required at the discretion of the City. The cash payment shall be determined based on the fair market of the land that would otherwise be dedicated to the City. According to Ramsey County data the fair market value of the subject lot is $1,060,100.00 and 20 percent of that value is $212,020.00. In order to meet this obligation, the Applicants are proposing to construct a public trail along the eastern and southern sides of the subject property and shown on the image below. This will create a connection to the existing trail on the Anderson Center. The cost of the proposed trail can be deducted from the total park dedication requirements.