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<br />rll -\.} <br />( ); <br />IIi{ <br /> <br />. <br /> <br />. <br /> <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Park & Recreation Commission <br /> <br />FROM: <br /> <br />Pat Klaers, City Administrator <br /> <br />DATE: <br /> <br />June 4, 1999 <br /> <br />SUBJECT: Trott Brook Farms <br /> <br />Since the beginning of the year, there have been a number of staff meetings <br />with the Trott Brook Farms developers. We are now dealing with two <br />developers as the original developer is selling part of the project to another <br />developer. The discussions have concentrated on the developers obligations <br />toward some of the public improvements in and around the plat, and park <br />dedication requirements. <br /> <br />Park dedication requirements have changed since the preliminary plat was <br />approved last August. With one motion of the City Council, essentially the <br />park dedication fees doubled from $650 per lot to $1,300 ($1,100 park + $200 <br />trail). A $900 rate was also established for one year for proposals nearing the <br />final plat stage. At that February 22, 1999, council meeting, Mr. Homer <br />Tomkins, developer of Trott Brook Farms spoke to this issue. This issue to <br />Trott Brook Farms is over $400,000 if the fees go from $650 per lot to $1,300 <br />per lot and this is a significant impact on any project. At the February 22 <br />meeting, Mr. Tomkins indicated he was working with the commission and <br />the city on a "package deal" whereby he would be providing land and doing <br />improvements in the park all at once, and then this would complete his park <br />dedication requirements for the entire plat. Everyone seemed to understand <br />that $900 per lot was an acceptable rate to live with and there were concerns <br />expressed about whether or not going to $1,300 per lot for a project already in <br />process was appropriate or fair. <br /> <br />In general terms, the proposal that has been presented and which seems <br />acceptable, is that Trott Brook Farms will be given credit for the high land in <br />the park (approximately 8.5 acres) and the high land in the Trott Brook Trail <br />corridor (assumed to be about 1.65 acres). The value of this land is estimated <br />to be between $21,000 and $22,000 per acre. Accordingly, the value the land <br />given to the city would be slightly under $220,000, whereas 600 lots in the <br />total development times $900 per lot equals $540,000. Therefore, the city <br />would receive $320,000 to complete park improvements and/or consider <br /> <br />13065 Orono Parkway · P.O. Box 490. Elk River, MN 55330. TDD & Phone: (612) 441-7420. Fax: (612) 441-7425 <br />