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<br /> <br /> <br />Memo <br /> <br />To: Jill Hutmacher – Community Development Director <br /> <br />From: Stacie Kvilvang <br />Date: November 12, 2015 <br />Subject: Park Dedication Fees <br /> <br /> <br /> <br />You had requested we prepare an analysis of the fees to be generated based upon the <br />proposed park dedication fee policy you are presenting to the City Council for their review <br />and consideration. The fees are based upon the following unit counts and dedicated land <br />requirement per the Master Plan approved by the City Council: <br /> <br />Area Average Units/Acre Acres # Of Units <br />NB1 2.5 11.5 29 <br />NB2 4 53.3 213 <br />NB3 6.75 35.8 242 <br />NB4 8 16.1 129 <br />NT 15 24.6 369 <br />TC 45 10 450 <br />TOTAL N/A 151.3 1,431 <br />Area Average Units/Acre Acres Sq/Ft <br />Office 65.3 <br />Retail 29.3 <br />Flex 73.2 <br />TOTAL N/A 167.8 N/A <br />GRAND TOTAL N/A 319.1 1,431 <br />N/A N/A <br /> <br />Since there has not been an agreement between the City and the County on (i) the County <br />donating the land for the parks in the plan; (ii) the end developer donating the land for the <br />parks; (iii) the City buying the park land from the County or end developer ; or (iv) a <br />combination thereof, we analyzed the fee structure based upon all possibilities and how the <br />policy is written. The policy states that the there are two fees for park dedication: <br /> <br />1. Land dedication; and <br />2. Park development <br /> <br />Under the first, commercial/industrial development is required to donate 5% of the gross <br />area of the land or the City can require, at its discretion, a fee be paid of 5% of the fair <br />market value of the land. Residential has the same requirements, but the amount of land to <br />be donated or fee to be charged ranges from 10% to 20%, based upon the density. <br /> <br />