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39 P OLICY O BJECTIVE 40 41 and retains a diverse mix of people, family types, economic statuses, ages, and so on. 42 Approve final plat applications that are substantially the same as the approved preliminary plat. 43 B UDGET I MPLICATIONS 44 The PIC, as presented, has the developer paying for all the costs of the improvements including: design, 45 inspection, construction, and City staff time related to the improvements. The developer will provide a 46 financial security in the amount of $21,062.50, which is equal to 125% of the estimated $16,850.00 cost 47 of construction of the public improvements. The developer will pay the City $674.00 to cover staff time 48 overseeing the project. All of the above dollar amounts would be subject to amendment if the City was 49 successful in obtaining grant funding for the trail. 50 Receipt of $25,500 fee in lieu of park land dedication. 51 S TAFF R ECOMMENDATION 52 A. Adopt a resolution approving the proposed Victoria Shores final plat based on the content of this 53 RCA, public input, and City Council deliberation, with the following conditions: 54 1. Pursuant to the memo from Public Works pertaining to this development, the applicant shall: 55 a. Dedicate the additional public right-of-way as required for Orchard Lane and Victoria Street. 56 b. Dedicate a 10-foot pathway easement coinciding with the drainage and utility easement 57 behind the property line of the lots abutting the west side of Victoria Street to accommodate a 58 possible future public pathway in this location. 59 c. Enter into a Public Improvement Contract regarding the construction of public infrastructure. 60 d. Establish a homeowner’s association for the maintenance of the storm water management 61 BMPs. 62 e. Install wetland buffer signs on the property lines where the wetland buffer intersects. 63 2. In accordance with the recommendation of the Parks and Recreation Commission, the applicant 64 shall dedicate cash in lieu of park land in the amount of $25,500 prior to filing the plat at Ramsey 65 County. 66 B.Pass a motionapproving the Victoria Shores public improvement contract based on the content of 67 this RCA, public input, and City Council deliberation. 68 R EQUESTED C OUNCIL A CTION 69 A. Adopt a resolution approving the proposed Victoria Shores final plat based on the content of 70 this RCA, public input, the recommendation and findings of the Planning Commission, and City 71 Council deliberation, with the following conditions. 72 1. Pursuant to the memo from Public Works pertaining to this development, the applicant shall: 73 a. Dedicate the additional public right-of-way as required for Orchard Lane and Victoria Street. 74 b. Dedicate a 10-foot pathway easement coinciding with the drainage and utility easement 75 behind the property line of the lots abutting the west side of Victoria Street to accommodate a 76 possible future public pathway in this location. 7a RCA.docx Page 3 of 4