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, residential lots could require a land dedication of six percent, which would be .155 acres or about 6,732 square feet. Given the small size and location of a potential land dcdication, a park dcdication fee may be more appropriate thcn a land dedication, which . is pennittcd under Section 1130.08 Subd. 2D ofthc City Code. If a park dedication fee is accepted in lieu of a land dedication, the park dedication fce could be as high as six percent of the land value of the property at the time of final plat is approved. The 2007 land market value according to Ramsey County rccords is $625,500 (thc applicant can submit an independcnt appraised value of the lots to re-calculate the park dedication fee). Bascd on the Ramsey County assessed value, the maximum park dedication fee for the entirc property would be $37,530 or S 12,5 10 pcr lot. However, the City can only charge far the two additional lots created in the plat. Excluding the one existing lot would set the park dedication fee for the two new lots at a maximum of S25,020. The applicants can submit an official appraisal I()r Lots 2 and 3, which may set a more accurate park dedication fee. Although the subdivision ordinance provides a guide for calculating the park dedication fee, the City Council does have the discretion to reduce the park dedication fec if the circumstances walTant a reduction. For examplc, State Statutes require the City to give due consideration to the open space, recreational, or common arcas and facilities opcn to the public that the applicant proposes to reserve for thc subdivision (462.358 Subd 2,b.(d)). Sincc Lots 2 and 3 are smaller than Lot I and since Lots 2 and 3 will not have lakcshore on Lake Johanna, it is quite likely that the valuc of Lots 2 and 3 is Icss than Lot . I, which may be a basis lar reducing the park dedication fee. Furthermorc, since a large section of Lot 2 and portions of Lot 1 and 3 are included in a City stonmvater pond and wetland casemcnt, that may also warrant a reduction or elimination of the fee. Finally, the easement area can be counted as open space, which may warrant a reduction in the fee; however, the space would not be open to public usc. While the Planning Commission can provide a rccommendation to thc City Council regarding the park dedication fce, the park dedication fee is ultimately sct by the City Council. 6. City En2ineer Comments. The applicant shall amend thc final plat to be in confomlance with all of thc comments trom the August 281\ 2006, mcmo from the City Engineer. The City Engincer has reviewed thc Final Plat and her comments are provided in Attachmcnt 3B-2. The City Engineer determined that the Final Plat is substantially in compliancc with the August memorandum, and the City Engineer's remaining comments Citl' o(Ardl'll llills - Planning Commission Meeting.!!},. FebnllllY 7, :!()O7 ,\Iclr"..illt'lll';',,,nkllhills' "lannin!!"I'IaIllIIIl~ ('"ses\2()()(j\O(,-O,<() 13"lIlin Final PIal IPFi\DING)\111 ]607.. 1'(' Report- Lake Johanna W,,,,ds hnal . "lat ell'" Pagl' 4 of 10