Loading...
2003-12-08 Park Fees ReleaseW~DSIDE COMMUNITIES o .~ O F M I N N E S O T A I N C December 8, 2003 Mayor and Members of the Council Mr. Pete Carlson -City Engineer @SEH Ms. Linda Goeb -City Administrator Mr. Mike Couri -City Attorney 5975 Main Avenue NE. Albertville, MN 55301 RE: Park Fees release of Obligation for Cedar Creek Master Plan secured by Letter of Credit No. 06-02 in Cedar Creek South 5th Addition Dear Council Members, Administration and Staff: The attached spread sheet was reviewed with staff one year ago in December 2002. At that time we reviewed the all the various phases of the Cedar Creek Development. An explanation follows which assists to clarify the work performed since 1998. Our December 2002 review indicated that all costs had been accounted for, were reviewed and inspected by state registered engineers, and were legitimate improvements which benefited the City, its residents and the development phasing. A decision was made to allow the deeding to the City of the big woods between Cedar Creek North, Cedar Creek South 3rd, Parkside 3rd, and Summerfield as a final "payment" to complete the park dedication obligations. The taxable value greatly exceeded the remaining balance owed. In addition, we agreed to perform warranty work on the trail in Center Oaks 4th Addition which was done in 2003, and pave the gravel trail connection along Ditch 9 past the 7th Addition from Center Oaks 4th Addition. This trail segment work remains to be done in 2004 and is estimated to cost several thousand dollars. The attached spreadsheet lists all the. various phases, the development contract numbers, date of recording, fees mentioned, and billing amounts paid. Copies of the paid bills were furnished in 2002, and could be recopied if desired, and were furnished to SEH, Ms. Goeb and Mr. Couri. Summary of expenses A total of 18.94 Acres of land were dedicated by the many plats in the project which created a remaining cash contribution. of $282,957. These amounts were calculated as each plat was approved and placed in each development agreement. Of the $282,957 cash required, $27,426 was paid to release the golf course plat. The balance of $255,531 became the pay as you go requirement. The development agreement recognized costs for 1 \S>~1~ETY~@SE\ccsMasterPlanParkSRTYrelease.doc 13736 N.E. Johnson Street Ham a e, M tel: 763.757.4052 fax: 763.757.4094 trails, work in parks, engineering and survey fees as legitimate costs against the $255,531 required. In 1998, $15,465.45 was paid in the Center Oaks neighborhood for trail construction. In 1999, $94,899 was paid for trails in Cedar Creek North, North 2nd, Karston Cove, Center Oaks 3rd Addition, and in Parkside 3rd Addition. In 2000, $87,711.75 was paid for concrete sidewalks in Cedar Creek S. 3rd Addition, paved trails and woodchip trails in Center Oaks 4th, along with the granite chip path along ditch 9 to Highway 118. In 2001, wider shoulders were created along Highway 118 as a way to get to the clubhouse along the 6th and 7th Additions. All of these improvements, totaled $198,076 in recognized costs, leaving a balance of $57,454 in land, work or cash due the City. The December 2002 dedication of the big woods provided $93,300 of new property to the public. Therefore, there are no dollars that are due to the City of Albertville by Pilot Land Development or Woodside Communities as the assignee of Cedar Creek South 5th and 7th Additions development contract costs for roads and landscaping, and no dollars due to Pilot Land by the City. The ability to phase and track these "pay as you go" improvements allowed the Cedar Creek Golf Course to become feasible initially. Today, it is a truly great asset to the community. It has employed many, provided recreation options to residents and the school system, and will be featured by the City as one of "it's" amenities for the foreseeable future. Please recognize this accounting as valid and authorize the release of any park fee obligation due the City via the Cedar Creek South 5th Addition Development Agreement. Please schedule this item for the next Council meeting and notify Maria Orlowski at Northeast State Bank at 362-3266 (fax 362-3240) accordingly. If you have any questions, please contact me. Sincerely, (~~ Donald Jense Vice President of Land Development Cc: Kent Roessler -Pilot Land Paul Kirchoff-Woodside John Wilczek -Meyer -Rohlin Maria Orlowski - NESB Mike Couri - C & M