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Page 2 of 3 <br /> <br />Land Dedication Requirement <br /> <br />The land dedication requirement enables the City to acquire land for park, trail, and open space <br />purposes. The requirement for residential subdivision or development varies depending on <br />density. <br /> <br />Category Units Per Acre <br />Percentage Park <br />Dedication/Acres of <br />Development <br />Low Density <br />Residential Up to 2.5 10 percent <br />Medium Density <br />Residential More than 2.5 to 8.0 15 percent <br />High Density <br />Residential More than 8.0 20 percent <br /> <br />In commercial or industrial subdivisions, five percent of the gross area of the subdivision is <br />required to be dedicated. <br /> <br />For both residential and commercial development, a cash contribution in lieu of land dedication <br />may be required at the discretion of the City based on the fair market value of the land that <br />would otherwise be dedicated. <br /> <br />Park Development Fee <br /> <br />In addition to the land dedication requirements, the City may require a park development fee to <br />support park capital improvements such as finished grading, ground cover, landscaping, <br />recreational facilities and equipment, paving, and utilities. The City may proportionally reduce <br />the park development fee where the subdivider or developer makes certain required park, trail, or <br />open space improvements as described in the development agreement. <br /> <br />The residential park development fee will be listed in the City’s fee schedule and updated <br />regularly based on inflation in park construction costs. The commercial park development fee is <br />five percent of the fair market value of the unimproved land. <br /> <br />Analysis to Establish Amount of Park Development Fee <br /> <br />In 2014, as a component of the TCAAP master planning process, staff evaluated existing park <br />amenities in the developed portion of the City in comparison to the existing population. The <br />City then projected the park amenities necessary to serve the anticipated TCAAP population. A <br />list of basic park amenities (ballfields, picnic shelters, play equipment, etc.) to serve the TCAAP <br />population was compiled. With this list of basic amenities, the City created sample park layouts <br />to determine the amount of park land that would be needed to support the amenities. The list of <br />additional amenities anticipated for TCAAP and the sample park layouts were discussed by the <br />Park, Trails, and Recreation Committee (PTRC) on March 18, 2014, and April 15, 2014, and by <br />the City Council at a work session meeting on April 21, 2014.