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ARDEN HILLS CITY COUNCIL—MAY 12, 2025 6 City Administrator Jagoe stated in an April 22, 2025 narrative letter to the City Council, Attachment A, Trident Development (the "Developer") proposed to make a financial contribution in the amount of$90,000.00 toward the cost of the 1,373-foot trail at 1700 Highway 96 W (the "Subject Property") in place of bearing the total expense of the trail as required in Condition 28 of Resolution 2025-007. The City Council reviewed the Developer's request and the adoption of Resolution 2025-040 with an amendment to Condition 28 at the April 28, 2025 City Council meeting and the staff report for this request is included as Attachment B. Resolution 2025-040 also included updated language to Condition 29, which references a 396-foot trail segment associated with the Development. City Administrator Jagoe reported discussion was had about the amount of the proposed financial contribution. The Council discussed if the Developer could commit to increasing the financial contribution to which the Developer stated they could agree to a $100,000.00 contribution but would need to discuss any increases above $100,000.00 with the Development's financial partners. The City Council passed a motion to table the request to discuss at the next City Council meeting on May 12, 2025. The Developer has submitted a new proposal. The Developer proposes to make a$200,000.00 financial contribution to the cost of the trail. City Administrator Jagoe explained as established in Conditions 26 and 27 of Resolution 2025- 007 the Developer would pay a total of $1,223,500.00 in residential dedication and park development fees. The fees are calculated based on the fair market value of the Subject Property and the number of residential units. The fair market value of 20% of the land that would otherwise be dedicated to the City is $450,000. The total park development cash contribution in lieu of land based on the proposed 119 units is $773,500.00. Staff reviewed the total fees in further detail with the Council. City Administrator Jagoe reviewed the options available to the City Council, noting the Council could approve Resolution 2025-040 with the revised Conditions 28 and 29 based on the City Council approval of Planning Case 24-018 on January 13, 2025. Condition 28 to read: "The Applicant shall install at their expense a trail along Snelling Avenue and within Snelling Avenue right-of-way, adjacent to the Subject Property, which shall be approximately 1,373 feet in length to serve as a connection to Royal Hills Park and consistent with City Code requirements. The final location and specifications of the trail connections shall be approved by the PW Director/City Engineer and Community Development Director. The costs in excess of $200,000 incurred to the Applicant for the installation of the approximately 1,373 feet will be deducted from the Applicant's park development fee." Condition 29 to read: "The Applicant shall install a trail along Snelling Avenue and within Snelling Avenue right-of-way, adjacent to Ramsey County PID 213023110007, which shall be approximately 396 feet in length to serve as a connection to Royal Hills Park and consistent with City Code requirements. The final location and specifications of the trail connections shall be approved by the PW Director/City Engineer and Community Development Director. The costs incurred to the Applicant for the installation of the approximately 396 foot long trail will be may be deducted from the Applicant's park development fee."