09/07/1994 Park Board Packet - Laserfiche WebLink

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ti AGENDA ITEM STAFF ORIGINATOR: Marty Asleson DATE: 8/29/94 TOPIC: Woods of Baldwin Lake II BACKGROUND Rockey Goertz, owner of Klosner Goertz Homes Inc. , submitted the attached proposal for development west of the Woods of Baldwin Lake and the Woodridge Development areas. Please see the attached vicinity map and land use data. This development is 5.59 acres in size and is zoned R-IX. The minimum lot sizes are 12,825 sq. ft. for a housing density of 2.32 lots per acre, and a total of 13 single family lots. This area has been an area of frustration in the acquisition of adequate amounts of park open space. The areas that we have been focussing on for future park area potentials are situated south and east of this area south of Oakwood Lane and possibly to the west of the southern portion of Oakwood Lane, as well as the possibilities that might exist in the Regional Park. The service area for any neighborhood park area ideally should be as centrally located as possible, and within a reasonable walking distance from residents. The Developer is proposing a cash dedication for this development. There are no trail needs as defined by our Comprehensive Plan. The cash dedication would be in accordance with our park dedication formula. According to the unqualified information that we have received from the developer, the raw land value with two houses came to $307,500.00 for this 5.9 acres. Subtracting the purchase price for two houses that were located on the property ( the houses sold for $85,000, and $75,000 for a total of $160,000 ) the land purchase price came to $147,500. The Park dedication for this parcel would thus be $1,470.00. This money in my estimation would be best served in purchasing a piece of the church property south of Oakwood Lane as part of a larger plan to meet park land acreage needs.