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  18.       
City Council Regular Meeting
Meeting Date: 12/05/2023  

BACKGROUND
As part of the Hallie's Cove development, 37.87 acres of parkland was dedicated in 2 separate parcels.  The only parkland improvement at that time was a 1,110-foot long by 10-foot wide concrete trail on the 25.3-acre northern parcel.  The developer has come in with a proposal to purchase additional land adjacent to the existing neighborhood and is extending one street.  The development requires two points of access and thus a connection through existing parkland is needed.  Staff worked with the developer to negotiate an appropriate amount of public benefit for the value of the ROW needed for the road extension as well as required parkland dedication improvement fees.  An amount of $30,000 will be provided to the city to purchase a small playscape unit (to be installed by the city) on the northern park parcel. Staff also negotiated a 1,000-foot long by 55-foot wide greenbelt on the back side of the new development which provides the opportunity for a trail connection between the two park parcels.  City staff will construct the trail in the future when the development is complete.
GOAL
Provide a secondary access for the development while gaining park improvements for public benefit in exchange for the taking of parkland.
COMMUNITY BENEFIT
The funding provided by the developer will be utilized to purchase a playscape unit to install in the northern park parcel and provide park amenities that would otherwise not be funded for several years.
SUMMARY OF RECOMMENDED ACTION
The Parks & Recreation Advisory Board recommended approval of the concept agreement at their meeting on November 27, 2023.

City staff recommends approval of Resolution 23-R-128 authorizing an agreement to dedicate right-of-way (ROW) in existing parkland for a secondary access for additional development in the Hallie's Cove subdivision in exchange for public park improvements.
FISCAL IMPACT
The land dedication requirement for the additional 18 lots is satisfied by the 1,000-foot long by 55-foot wide greenbelt connecting the two park parcels.  The park development fees in-lieu-of the 18 additional lots is $11,700.  The developer has agreed to provide a total of $30,000 to the city to cover the fees-in-lieu of and the value of the parkland taken for the ROW to provide a public benefit.
RECOMMENDATION
Approval of Resolution 23-R-128. 
Attachments
Resolution 23 R 128 with attachcments

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