10-26-1998 Council Packet - Laserfiche WebLink

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#2425 - Rebers - Prel. Sub. Approval (Renewal) October 20,1998 Page 2 Financial Security Condition #4 of Resolution No. 3972 states that (the owner oO Lot 1 shall bear the total reasonable costs of constructing the the portion of trontage road directly adjacent to Lot 1, and indicates that "the Council will require at the time of final platting security in the form of a cash escrow, letter of credit or other form of security acceptable to the City". The City Engineer will be asked to pro\ ide a cost estimate for the segment of frontage road that might be constructed someday adjacent to Lot 1, and staff recommends that the standard 150% escrow amount be provided. Park Fee Because the renewal process is structured as a new application process, staff is assuming that Council intends that this development be subject to the new park fee ordinance, which was adopted after the 1997 preliminary plat approval. The April 1998 park dedication ordinance and resolution establish a park fee formula for commercial/industrial properties based on the number of employees a site will accommodate. As the Rebers subdivision is the first commercial application subject to the new ordinance, staff is reviewing methods for determining the number of employees to use as a fee basis. As of this writing, we are expecting to propose that the number of employees be based on one employee per required parking space, less 10% for visitor parking in the case of an office building that is not a retail destination. For instance, if the zoning code requires 50 parking spaces for an office building in which, the park fee would be based on 45 employees. The % of reduction for visitors would be much higher for uses that have few employees but many visitors, such as retail. All of this is still under discussion... Note that the current park fee ordinance establishes that 10 employees are the equivalent of one dwelling unit, and the park fee per dwelling unit is 8% of the pre-developed fair market value of the property, but no more than $4900 per dwelling unit equivalent and no less than $2900 per dw'elling unit equivalent. Municipal Water Main Easement Sur\’ey work recently provided in support of the upcoming commercial site plan review, indicates an existing municipal w'ater main along the west property boundary may not be centered on its easement, requiring an additional perhaps 5-6' of easement in order to allow adequate access for future maintenance. The exact pipe location needs to be confirmed, in light of the potential location of that future building. Staff has incorporated an additional condition not present in the original preliminary plat approval resolution, requiring that the pipe be located and a utility easement along the west boundary expanded as necessary' to be 10 either side of the existing pipe. The four above items must be resolved prior to Council granting final plat approval, and are being noted now at the preliminary approval stage for discussion purposes.