CCP 09-22-1997 - Laserfiche WebLink

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EitR",.,.. 0 ''1' I CITY OF ARDEN HILLS I MEMORANDUM .. DATE: September 18, 1997 TO: Brian Fritsinger, City Administrator J I FROM: Cindy S. Walsh, Parks and Recreation Director (!; I SUBJECT: Park Dedication for Welsh Phases II, III, and IV Back~round - I Because of the subdivision involved in Phases II, III, and IV of the Welsh development, the I developer is responsible for fulfilling park dedication requirements according to municipal code; Section 22-9. Public use dedications detailed under this section of the code states that dedications for commercial projects should not exceed ten percent. I Calculation of Park Dedication Because of the need to obtain property for a 10 foot bituminous trail along Round Lake, I have I calculated the park dedication for all phases together rather than separately. Through park dedication, I am hoping to obtain 20 feet of property along the north east property line of Phases III and IV, which abuts the U. S, Fish and Wildlife Service property, and between the pond and tJ wetland leading to the cul-de-sac. The attached map highlights the proposed trail area. This would provide some flexibility in designing the trail so that we are able to avoid the larger oak trees and wetland areas. The proposed trail provides for an access from 14th street (Gateway I Boulevard) for trail users in the Gateway Business District. The current fair market value ofthe property, which is 1,226,350 square feet in size, is I $1,027,100, Welsh Companies, HKS, and I have calculated the property required to complete the trail easement as 41,365.65, At a price of$,8375 per square foot, the trail property is valued I at $34,643.73. Value of Welsh property $1,027,100 I Maximum Commercial Park Dedication Requirement XI0% $ 102,710 Maximum Park Dedication Value in Cash $ 102,710 I minus the value of land for trail construction $ 34,643.73 $ 68,066.27 I Thus $68,066.27 is the additional cash in lieu of land remaining if Council were to require a dedication in the amount of 10%, Another option for Welsh to fulfill the 10% park dedication I requirement is to construct a portion of the trail equal to the $68,066.27 value remaining, If the City Council wishes to pursue the trail construction as a partial fulfillment of park dedication, I would work with Welsh Companies to determine the distance of trail that could be constructed, -- I