Parks and Recreation Special Meeting (11)

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The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To Parks and Recreation Commission Item Number 6.2 Meeting Date August 14, 2024 Prepared By Joe Stremcha, Business Services Director/Assistant City Administrator Item Description Bradford Park South Development - Lennar Homes Reviewed by Jeff Shelby Joe Stremcha Action Requested Recommend, by motion, park dedication for the Bradford Park South Develpment be paid in cash, at the applicable rate at the time of recording, for 119 dwelling units. Background/Discussion The preliminary plat for Bradford Park was approved on July 17, 2023, encompassing a total of 314 buildable parcels. The first phase included 82 single-family home sites, aligning with the phasing plans. The applicant is now proposing an amendment to the area southeast of the main pond, removing the multifamily component and replacing it with 119 single-family parcels. This phase of the development will be known as Bradford Park South. The first phase did not include any park amenities, but this phase and future phases should begin to develop the city’s vision for park amenities in more detail. The original preliminary plat included a 5.5-acre park. That park will be dedicated to the city for future park needs in the area. The proposed trails will create a robust addition to the city’s park and trail system. All proposed city streets include a sidewalk along at least one side of the street, with Ivanhoe Parkway having a sidewalk on both sides of the street, carrying the standard from Miske Meadows to the north. In addition to the sidewalks, there is a network of trails throughout the development. Trails include a connection to an existing trail in the southwest corner, completing a current dead-end trail in the Trott Brook Farms subdivision. Additional mid- block trail connections are recommended to improve pedestrian mobility between blocks. Finally, the main trail feature is the trail that will circle the pond in the center of the project. This trail includes connections to city sidewalks and the planned city park. Phase 1 required 26.56 acres of park per ordinance. The agreed upon park plan dedicates 27.37, a difference of .8056 acres. Phase 2 requires 10.067 acres of park per ordinance or $364,821.87 for park dedication. IF the previous agreement is applied to the park dedication fee, then the $364,821.87 is reduced by 8% (.8056/10.067acres) and totals $335,636.12. Financial Impact Funds obtained through park dedication are able to be applied towards new park capital projects. Page 13 of 72