|
<br />EXIIIBIT L
<br />
<br />PARK DEDICATION FEE CALCULATION
<br />
<br />Parcel Market Value Est. Park
<br />Code# Parcel ID City Street Address Acres Area (sq.ft.) Land 2005 Dedication
<br />1-1 04-29-23-32 -0001 Cleveland Ave N 5.06 220,414 $ 940,900 $ 47,045
<br />1-2 04-29-23-32-0002 Cleveland Ave N 1.68 73,181 292,700 14,635
<br />1-3 04-29-23-32-0003 2814 Cleveland Ave N 3.37 146,797 587,200 29,360
<br />1-4 04-29-23-32-0008 1984 County Road C2 W 0.73 31,799 128,100 per unit
<br />1-5 04-29-23-32-0007 Mount Ridqe Rd N 3.75 163,350 571,700 per unit
<br />2-1 04-29-23-32-0012 Mount Ridqe Rd N 7.27 316,681 1,108,900 per unit
<br />2-2a 04-29-23-34-0002 2680-2690 Prior Ave N 6.83 297,515 1,190,100 per unit
<br />2-2b 04-29-23-34-0001 Prior Ave N 1.21 52,708 184,500 per unit
<br />2-2c 04-29-23-31-0015 Prior Ave N 1.07 46,609 163,100 oer unit
<br />2-3 04-29-23-33-0007 Mount Ridqe Rd N 5.50 239,580 838,500 41 ,925
<br />3-1 04-29-23-33-0001 2750 Cleveland Ave N 4.92 214,315 1,072,000 53,600
<br />3-2 04-29-23-33-0002 2700 Cleveland Ave N 3.37 146,797 733,900 36,695
<br />4-1 04-29-23-33-0004 2650 Cleveland Ave N 0.67 29,185 351,200 17,560
<br /> 2660 Cleveland Ave N I
<br />4-2 04-29-23-33-0009 2019-2035 County Road C W 1.82 79,279 531,400 26,570
<br />4-3 04-29-23-33-0010 2001 County Road C W 1.01 43,996 231,000 11 ,550
<br />4-4 04-29-23-33-0003 2690 Cleveland Ave N 4.08 177,725 1 ,066,000 53,300
<br />4-5 04-29-23-33-0011 1947 County Road C W 9.52 414,691 2,780,400 139,020
<br />5-1 04-29-23-31-0019 2785 Fairview Ave N 7.41 322,780 1 ,420,500 per unit
<br />8-1 04-29-23-31-0017 2825-2837 Fairview Ave N 2.74 119,354 357,700 per unit
<br />8-2 04-29-23-31-0018 2805-2823 Fairview Ave N 3.38 147,233 648,600 per unit
<br />8-3 04-29-23-31-0020 1894 County Road C2 W 2.05 89,298 44,600 per unit
<br /> 77.44 3,373,286
<br />
<br />Estimated total park dedication fee from commercial
<br />land (current market value* x .05) .... ........ ....................... ....... ...... ....... ....... $ 471,260
<br />Housing park dedication fee (737 units x $1,000) .......................................... 737,000
<br />
<br />Total estimated maximum park dedication .....................................................
<br />Less: Credit for road ROW** .................................................................
<br />
<br />1,208,260
<br />(97.355)
<br />
<br />Adjusted park dedication to be paid at issuance of
<br />building permit per parcel chart ........ .............. ............ ......... ........... ....... ....... $ L 11 0 905
<br />
<br />* Total commercial area market value.................................................... $ 9,425,200
<br />Total commercial acreage ... .... ........ ..... ...... .... .... ......... .... ......... ...... ..... 41
<br />Average land value per acre ................................................................ $ 229,883
<br />
<br />** Credit for road ROW = (8.69-0.22) x 229,883 x .05...........................
<br />
<br />97,355
<br />
<br />64
<br />
|