08-15-2016 Planning Commission Packet

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16-3855 August10,2016 Page 6 of 9 Highway 12, and if MnDOT approval is obtained. Portions of the trail inay be located within the right of way of Kelley Parkway north of the stormwater pond. The trail shall provide a continuous connection along Highway 12 from the east boundary of the property to the west boundary; connection across the stormwater pond area inay be along Highway 12 or may jog up to and back down froin Kelley Parkway along the stormwater pond perimeter. i) The Ciry shall be responsible for maintenance of the public trails upon their completion and acceptance. Public easements including a suitable shoulder width shall be granted over all the public trails not located in dedicated right-of-way. Preliminary Hennepin County plans for the upgrade of Wayzata Boulevard include a trail along the north side of Wayzata Boulevard from Willow Drive to Old Crystal Bay Road. Final determinations have not been made as to whether or exactly where that trail will be developed. The current plans suggest it will be in the right-of-way, while the Stonebay PUD Agreement intended for it to be within the commercial Outlots. Pending a final layout by the county,applicants should expect that a trail will be required along their south boundary, with a possible connecting link to Kelley Parkway along the west edge of the stormwater pond. An existing sidewalk within the right-of-way of Kelley Parkway extends along the entire frontage of the site, constructed with the original Stonebay improvements. RPUD standards indicate the requirement for 10% of the site being dedicated to recreational purposes. The proposed pond pavilion and perimeter bike pathway would potentially satisfy that requirement. Development of the property is also subject to a Park Dedication Fee per the rpovisions of the PUD No. 4 Agreement (see Development Fees Summary below). Development Fees Summary Development of the property is subject to the various fees established within Exhibit M of the PUD No. 4 Agreement, all of which were deferred until a development plan is approved for each of the commercial outlots(Outlots A&D). Below is a summary of the fees, collectible in full at the time of final re-plat approval: Park Dedication Fee: $3,250/unit x #of units (example: 48 units x $3,250 =$156,000 Sewer Connection Charge: $6,330/acre x 3.5 acres = $22,155.00 Water Connection Charge: $10,480/acre x 3.5 acres =$36,680.00 Stormwater& Drainage Trunk Fee: Residential >4 units/acre: $8,490/ac x 3.5 acres = $29,715.00 Note that per the Agreement, the Park Fee is not adjusted for inflation, while the connection charges and Stormwater & Drainage Trunk Fee are calculated based on the current (2016) Fee Schedule. Site Grading, Stormwater and Drainage Improvements The long stormwater pond was originally sized to accommodate all elements of Stonebay, so that individual ponding will not be required on this site. Because the site is so flat, the assumption is that in order to make drainage function adequately and allow for underground parking,the site will require some amount of fill, likely raising the main floor above the level of Kelley Parkway.