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<br /> ~~~l{ f:; ~ <br /> CITY OF ARDEN HILLS <br /> . MEMORANDUM <br /> DATE: July 2,1998 <br /> TO: Mayor and City Council C5~ <br /> FROM: Cindy S. Walsh, Community Development Director <br /> SUBJECT: McCleary Park Dedication Planning Case # 98-16 <br /> -- - <br /> Back~round <br /> The McCleary's intend to split their existing 1.99 acres into two lots. Since park dedication has <br /> never been paid on this land, the applicant is required to do so as a part of the lot split process. <br /> Park Dedication Fee Calculation <br /> Based on the Registered Land Survey, the two lots have a density of 1.005 dwelling units per <br /> acre. According to the City of Arden Hills Public Use Dedication Ordinance Section 22-9, the <br /> park dedication will be based on 6% of the fair market value of the property. I am <br /> recommending that the fair market value of the property be determined by the 1997 tax role. <br /> Although the total value of the property is $166,400, the estimated land value is $103,500. The <br /> . park dedication fee is 6% of$103,500 which is $6,210. <br /> Recommendation <br /> Staff recommends that the McCleary Planning Case #98-16 pay a park dedication fee ofS6,210, <br /> which is 6% of their land value of both lots. <br /> . <br />