Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Development Agreement with CR Alma, LP, Mid-Alma, LP, and CR Ballfields, LP, Regarding the Construction of Linear Parks, Central Park Area and a Pedestrian Trail and Bridge that will extend the City's Trail System from Alma Road to the Soccer Fields at Craig Ranch
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1C: Provide a strong city economy by facilitating a balance between industrial, commercial, residential, and open space)
MEETING DATE: August 21, 2018
DEPARTMENT: Planning
CONTACT: Matt Robinson, AICP, Planning Manager
Jennifer Arnold, AICP, Interim Director of Planning
Michael Quint, Executive Director of Development Services
Mark Houser, City Attorney
RECOMMENDED CITY COUNCIL ACTION:
* Staff recommends approval of the proposed resolution.
ITEM SUMMARY:
* This item authorizes the City Manager to execute a development agreement with CR Alma, LP, Mid-Alma, LP, and CR Ballfields, LP, "Owners" regarding a partnership that will result in the design, construction and dedication to the City of two linear park open spaces and a central park area together with a pedestrian trail and related bridge across Watters Branch that will extend the City's trail system from Alma Road to the Soccer Fields at Craig Ranch.
* The Owners are attempting to redevelop the property that is part of the larger Craig Ranch master planned development from its current use into a multi-family and/or commercial development and desire to incorporate park areas and provide increased pedestrian connectivity to the area.
* Staff has negotiated the terms of the development agreement and is seeking the City Council's approval via a resolution. The terms of the agreement include the following:
o The Owners will construct a minimum 10' wide trail through and within the two linear parks and the central park to link Alma Road to the easternmost boundary of Tracts...
Click here for full text