6.4. SR 07-20-2009 - Laserfiche WebLink

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Transportation The anticipated extension of Twin Lakes Road, linking the east side of Elk River (as part of the pending FAST study) to limited intersections with Highway 10/ 169 will pass through this parcel. However, regional planning has not been completed to identify the most appropriate route though this property. Park Dedication The ordinance requires park dedication be provided fox any land that is platted. Park dedication is collected at the time of final platting. The dedication would be in the form of cash or land, based on the recommendation of the Parks and Recreation Commission. The Parks and Recreation Commission is scheduled to review the application at their meeting on August 12, 2009. Based on the Ordinance and the Council adopted fee schedule, the park dedication (in cash) for the subject parcels, as platted, would be as follows: Lot 1, Block 1 50.39 acres x $7,298/ acre = $367,746.22 Lot 2, Block 1 .05 acres x $7,298/ acre = $364.90 Again, the Parks and Recreation Commission have not provided a recommendation as to whether cash or land is the appropriate dedication. These fees would be due before release of the final plat for recording. As an alternative, staff has identified two alternate options that give the Elk River Citizens Sign Committee necessary rights to construct the sign: Plat Lot 1 as an Outlot. This makes it non-buildable and when platted in the future, park dedication is due at that time. Another option includes acquiring a permanent sign easement across the area of property needed fox the sign. This does not require platting nor park dedication. Action Motion by Second by Vote Follow Up S:\P),ANNING MAIN\Case Files\Plat\P 09-02 Baldwin Family Farm\P 09-02_CC.doc