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Riverfront Addition #2005-28 - Preliminary & Final Plat, Site Plan, SUP City Council Memo - May 16, 2005 Page 4 Lot 1 2 3 Development of Lots 1 and 3 would require future Site Plan approval prior to construction. Preliminary and Final Plat approval is for subdivision of the lots only. HRA Ownership The Hastings HRA owns all the property within the proposed plat. The HRA and City have agreed to sell Block 1 for development under terms of a Development Agreement. Streets No new public streets are included as a part of this plat. All access drives would be privately owned and maintained. A homeowners association must be established to ensure maintenance and access to all property by the owners, and not the City. Grading, Drainage, Erosion Control, and Utility Plan The City's consultant engineer has reviewed the Grading, Drainage, Erosion Control, and Utility Plans. Approval of the Preliminary Plat is subject to approval of the Grading, Drainage, Erosion Control and Utility Plans by the Public Works Director, and reimbursement for any fees involved in plan review. Park Land Dedication The Natural Resource and Recreation Commission met on May 10,2005 and recommends the following: 1) Cash in lieu of land shall be paid to satisfy park dedication requirements in the amount of $57,955 (50 units x $1,100 per unit + 1.97 acres x $1,500). Park dedication must be paid prior to recording of the Final Plat. Interceptor Sewer Fee Sewer interceptor fees shall be paid as follows: 1) Sewer interceptor fees in the amount of $22,564.30 (50 units x $365 per unit + 1.97 acres x $2,190) shall be paid prior to recording of the Final Plat. Tree Preservation Plan The construction plan will removes most trees from the site. The following information is needed prior to approval: