DATE: May 9, 2019
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Mark Hilty, Assistant City Administrator - Public Works
Lisa Clayton, Parks Director
Kevin Lindsey, Parks Facilities Superintendent
SUBJECT:
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Consideration of COF Contract No. 2019-0122 Parkland Construction and Dedication Agreement between the City of Franklin and SS-CH Franklin, LLC, the Aureum Development (05/14/19 WS)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the Parkland Construction and Dedication project which will be completed as part of the Aureum Development.
Background
The Parks Department determined the parkland impact fee for this development project to be $2,065,920.00. SS-CH Franklin, LLC (hereinafter, "SouthStar") intends to construct and dedicate certain parkland improvements for off-sets of fees as set for in the City's Parkland Dedication Ordinance (Ordinance 2016-25, Franklin Municipal Code ?25-405, and hereinafter "Ordinance"). This agreement provides the terms and conditions for the construction, dedication and acceptance of those parkland improvements.
Under Appendix A of the Ordinance, developers may be eligible for up to a 100% reimbursement of parkland impact fees through Parkland Dedication in Lieu of Parkland Impact Fees. SouthStar intends to develop or cause the development of a public primitive mountain bike trail, park appurtenances such as benches, bike racks, trash receptacles, trail head signage, park facility, and a park structure with restrooms, all which it intends to dedicate to the City upon completion and acceptance. The land area which will be dedicated to the City will be 5.15 acres. It also intends to develop or cause the development of private parkland amenities consisting of two (2) swimming pools, a pool deck, and swimming pool appurtenances and furnishings.
Appendix A of the Ordinance provides the following: ...
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