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"THE RIDGES OF RICE LAKE" <br /> <br />OPEN SPACE DEVELOPMENT <br />DENSITY FORMULA RATIONALE <br /> <br />BASE ACREAGE: 273.56 <br />10-ACRE ZONING DENSITY: 27.20 <br />2.15 ACRE CLUSTER DENSITYWITH SEWER: 58.48 <br />COMMON THEME 5% <br />PUBLIC USE 5% <br />60% OPEN SPACE 5% <br />DEED RESTRICTION/EASEMENT 5% <br /> <br />(70.18 LOT DENSITY) <br /> <br />Common Theme: <br /> <br />Dynamics proposes to provide the following amenities as a common theme: <br /> <br /> Park benches <br /> Professionally landscaped islands that have a common planting theme <br /> An entrance house in the center island entrance. <br /> Matching vertical entrance kiosks. <br /> Safety shelters along the trails. <br />· 8,500 feet of privately owned walking/hiking trails <br /> 1 mile of privately owned 6'paved bike trail <br /> Side load garages <br />· Street Comer Monuments <br /> <br />Public Use: <br /> <br />Per the consensus of the Park Commission, Dynamics is proposing a 27-acre park that would be <br />deeded to the City of Elk River in the future when the Life Estate to farm expires by the current <br />property owner and farmer, Mr. Richard Thompson. <br /> <br />Open Space <br /> <br />Over 60% of the 275 acres will be used as open space. Much of this land will be preserved in its <br />natural state, with approximately 50 acres to remain in crop production. Most of the open space <br />will be accessible through private mowed, or wood chip trails. Trail locations have been <br />proposed in areas where existing trails and mobility are suitable. Signs, and a rest shelter will <br />also be installed for these private trails. <br /> <br />Deed Restriction/Conservation Easement <br /> <br />The open space areas will be placed under a deed restriction, or conservation easement as agreed <br />by the City of Elk River. 27 acres of open space would eventually be park. <br /> <br />The Ridges of Rice Lake <br />Open Space Development Summary <br />Page 2 of 4 <br /> <br /> <br />