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296 of plat area plus amount based on number <br />of )d- street parking spaces. <br />• Per capita adjusted for type of housing. <br />• 929 square Feet per single Famiiv unit and 666 sr' <br />per multi-family unit. <br />Table 1 lists We fixed fee cash dedication for <br />residential property reported in the surveys. The <br />average fee for single family homes is almost 52,600. <br />For multi - family, the fee averages slightly less at <br />$2,500 /unit. <br />Commercial - industrial Property <br />As noted earlier, eight cities do not currently require <br />park dedication for non- residential property. The <br />survey asked the city to select the response that <br />matched the current park dedication requirements <br />for commercial - industrial property. The potential <br />requirements were: <br />• Cash or land equal to 10% of land value /area <br />• Cash or land equal to _% of land value /area (fill <br />in percentage) <br />• Fixed rate per acre of land. $(acre <br />• Other method of calculation. <br />The chart in Figure 4 summarizes the survey <br />responses. <br />The surveys show a generally less complicated <br />approach to park dedication for commercial and <br />industrial property. Thirty cities base park dedication <br />on a specific percent of land area or property value. <br />Fourteen of the seventeen cities that indicated a ratio <br />Figure 4 <br />Reported Requirements for Commercial- Industrial Property <br />50 <br />40 <br />30 <br />20 <br />13 <br />10 1 a <br />Cash or land Cash or land Fixed rare per Other method No response <br />equal 1010 %o( equal to other acre of land <br />land value /area %of land <br />value /area <br />13® <br />Table 1 <br />Fixed Fee Cash Dedication - Residential Properra <br />Single Family 0uoiex 7o:vnhouse Mutt- ralaily Mobile Home <br />5256 6256 6134 1184 3256 <br />475 75 175 175 - .�. 625 625 625 313 <br />800 800 800 800 300 <br />1,000 1,000 1,000 1,000 1,000 <br />1,100 <br />1,196 792 792 792 <br />1,300 1,300 1,300 1,300 1200 <br />1,500 1,500 1,500 1200 <br />1,500 750 750 500 <br />1,500 1,800 2,000 1,500 1,000 <br />1,550 1,550 1,550 1,550 <br />1,600 3,200 <br />1,800 1,800 1,800 1,800 1,800 <br />2,000 1,500 1,500 1,500 2,000 <br />2,000 2,000 2,000 2,000 2,000 <br />2,000 2,000 2,000 2,000 2,000 <br />2,375 2,375 2,375 2,375 <br />2,475 2,475 2,475 2,475 <br />2,500 2,500 2,500 2,500 2,500 <br />2,500 2,500 2,500 2,500 <br />2,500 2,500 ' 2,500 2,500 <br />2,500 <br />2,515 2,515 2,515 2,515 2,515 <br />3,000 3,000 3,000 3,000 3,000 <br />3,000 <br />3,230 3,230 3,230 3,230 3,230 <br />3,230 3,230 3,230 3,230 <br />3,300 3,300 3,300 3,300 <br />3,308 3,258 3,458 3,212 <br />3,400 3,400 3,400 3,400 3,400 <br />3,750 3,750 3,750 3,750 3,750 <br />4,000 4,000 4,000 4,000 4,000 <br />4,355 3,810' <br />5,800 5,000 3,800 3,800 <br />6,000 6,000 6,000 6,000 6,000 <br />6,000 5,000 5,000 5,000 <br />6,300 5,400 4,700 4,900 <br />3,250 to 5,550 <br />*5175 /bedroom <br />Page 3 <br />- 1 0 - <br />