CCP 09-08-1997 - Laserfiche WebLink

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I' ~6&r ~ I~ I I CITY OF ARDEN HILLS ,. MEMORANDUM DATE: September 3, 1997 I TO: Brian Fritsinger, City Administrator cs~ I FROM: Cindy S, Walsh, Parks and Recreation Director SUBJECT: Park Dedication for Balfany Planning Case #95-16 1 Backl!round I According to Planning Case #95-16, Mr. Balfany is developing an area of 4.5 acres for residential housing. I do not see a benefit for accepting property in this area to fulfill his park dedication requirement. I will be recommending a cash in lieu dedication rather than land. I 1 have spoken to Mr. Balfany and have sent him a letter outlining my recommendation for a park dedication fee. - - .. . _. 1 - Park Dedication Fee Calculation ,. Since the density of the Balfany Plat is 1.08 dwelling units per acre, the park dedication fee would be six percent of the fair market value of the property according to our Ordinance Section Ie 22-9. The fair market value of the property was based on the payable 1997 tax value established by Ramsey County. The first parcel is .64 acres (20,200 feet) and has a value of$17,200. The second parcel is 3.86 acres (168,391 feet) and has a value of$68,200. The total value of both 1 parcels is $85,400. The park dedication fee is six percent of the $85,400, which is $5,124. . Recommendation I I am recommending that the Balfany Planning Case #95-16 pay a park dedication fee of$5,124. The City Council has previously agreed that this fee can be paid in four equal payments. A I payment of $1 ,281 will be due at the time he applies for each of the four building permits: I ~. I I ..-- I .. ~ I -