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Gg. The OWNERS have proposed to pursue a Metro Plan Amendment to include their <br /> property in north Santa Clara in the Urban Growth Boundary in exchange for removing <br /> that portion of their Laurel Hill Valley property from the Urban Growth Boundary. The <br /> total property proposed for inclusion is 197 acres. Property to be removed from the UGB <br /> is 120 acres. <br /> H. In addition, the OWNERS have proposed to dedicate the difference of the acreage (197 - <br /> 120 = 77 acres) to public open space. A portion of this public open space would be <br /> available for future development as a community park. <br /> Upon annexation of the property the parties agree as follows: <br /> 1. The location of the 77 acres to be dedicated to public open space shall be mutually agreed <br /> upon and shall be configured such that it integrates park facilities within the 77 -acre <br /> parcel, maximizes park and open space benefits to the community, and accommodates <br /> and enhances urban development of Owners' remaining acreage. <br /> 2. The purpose of the 77 acres of public open space will be for both a community park and <br /> an integrated natural open space system with associated recreational access trails. The <br /> community park is intended to provide active and passive recreation facilities which may <br /> include, but are not limited to: soccer fields, softball and baseball fields, basketball <br /> courts, tennis courts, a skate park, a community center, an aquatic facility, performance <br /> space, unprogrammed active open space, pathways, water features, picnic facilities, <br /> public art, and interpretive facilities. <br /> 3. The 77 acres shall be available, as necessary, to accommodate urban development on <br /> OWNERS's' remaining acreage for street and utility placement, pedestrian access, I <br /> storm water management, and wetland mitigation. <br /> 4. The design and construction of streets, utilities, pedestrian & bicycle access, stormwater <br /> facilities, and wetland mitigation areas will be as mutually agreed upon by both parties, <br /> and will be configuresd so as to maximize the use and development of both cgiakaigg <br /> irApasts-to the dedicated public open space and the OWNERS' remaining acreage. <br /> 5. PARKS and OWNERS will each be responsible for all costs associated with the <br /> development of their respective - per propertiesy. PARKS will pay for the costs of street <br /> improvements and associated improvements utilities based on the amount of street <br /> frontage including those crossing park property necessary to serve OWNERS' remaining <br /> acreage. These costs include street, curb, sidewalk, planting strip, street trees, lighting, <br /> and associated utilities. v A u ri c w ill algo be re _ • - • _ • - - • • _ _ _ _ • • _ • <br /> MEMORANDUM OF AGREEMENT/DRAFT 2 <br /> Santa Clara Community Park <br />