1998-09-09 Packet - Laserfiche WebLink

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MEMO DATE September 4, 1998 TO Honorable Mayor and Council FROM Jim March RE Buechler Estates Included in your packet is a copy of the preliminary plat for the development to be known as Bachelor Estates. This is a five lot subdivision on Mound Trail. The property was formerly owned by the Liebels. Also, included in your packet are written comments from both the City Engineer and Public Works Director. An item that needs to be discussed with this development is the issue of potential park dedication. This development may be the first one to test the land dedication portion of Ordinance 48. I have included a photocopied section of this ordinance to explain the issue. The developer has reportedly offered a large sum of money for the property, since it has considerable lakeshore. Our park dedication policy is to charge a fee according to the current fee schedule ($900/lot), accept 10% of the land or 10% of the land value, whichever is greater. In the most recent Centerville residential subdivisions, the park dedication taken as a price per lot nearly equates to the value of 10% of the raw land. In this development, the park dedication fee per lot versus 10% of the value of the raw land may be grossly unequal. The potential developer has indicated (per attached documentation) that the park dedication fees may prohibit himself or anyone else from developing this property if they are expected to pay 10% of the land value and not the $900 per lot. This item will be further discussed at the meeting. The planning commission recommended approval of this preliminary plat paying attention to the comments of the engineer, public works director and coordinating the subdivision with Lino Lakes. The park and recreation committee reviewed this plat at their meeting on September 2. They recommended reviewing the various options available for park dedication.