03-12-07 Item 4E, Resolution 07-33 Final Plat of Burroughs

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calculate more equitable park dedication fees. Using a running average would produce a park dedication fee that adjusts for changes in land value over time while keeping the fee per lot comparable to other subdivision approvals. Including the two final plats currently under review and the four other park dedication fees charged since 2005 would generate an average park dedication fee of $6,276 per lot, which is slightly less than the maximum park dedication fee for Burroughs Lane. It is not necessary to change the Subdivision Ordinance at this time to use this method since it is meant to respect the limits on park dedication fees set in State Statutes, Furthermore, the Subdivision Code only sets the maximum park dedication fee as opposed to a mandatory park dedication fee. To remain consistent with the recommendation in the Final Plat of Lake Johanna Woods (PC 06- 038), Staffis recommending a park dedication fee of $6,276 for each of the two new lots in the Burroughs Lane subdivision. Development Al!reement The City Attorney has prepared a development agreement to include with the approval of the final plat (Attachment 4E-2). Recommendation The Planning Commission reviewed Planning Case 06-039 and recommends approval on a vote of3-0 with one abstention. There were only four members ofthe Planning Commission in attendance at the February meeting, and one Planning Commission member lives close to the subj ect property and abstained from voting. The recommendation for approval was based on a finding that the Final Plat of Burroughs Lane is in conformance with the requirements of the Preliminary Plat approval in Planning Case 06- 013 and is in conformance with the requirements of the City's Subdivision Ordinance. The approval is subject to the following seven conditions: 1. The applicant shall continue to be subject to all of the conditions for the preliminary plat as approved in Planning Case 06-013. 2. The applicant shall conform to all requirements for Final Plats in Chapter 12 of the City Code, 3. The plans shall be amended to be in full compliance with the City Engineers memo dated January 25, 2007. Revised plans shall be submitted prior to the City signing the Final Plat. 4. The applicant shall pay a park dedication fee as determined by the City Council prior to the City signing the Final Plat or on a payment schedule determined by the City Council and subject to City Attorney review. 5. The City Attorney shall prepare a development agreement that shall be subject to City Council approval. The development agreement shall be signed by the property owners prior to the City signing the Final Plat. \\Metro-inet.uslardenhillslPlanninglPlanning Cases\2006\06-038 Amities Coast - Burroughs Lane Final Plat (PENDING)\031207 - CC Report_ Burroughs Lane (amities coast) Final Plat. doc Page 4 of5