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-15- <br /> TABLE IV <br /> PROBABLE PARK DEDICATION EXAMPLES <br /> EXAMPLE No. 1 - Single Family Residential <br /> This example consists of a single family residential development in the City of <br /> Vadnais Heights. Site construction was begun in 1986 and consisted of 81 homes <br /> on 42.84 acres (density: 1.89 units/acre) . The appraised undeveloped land value <br /> was $ 8,700/acre for a total value of $ 372,708. The following is a summary <br /> table listing each city's probable park - land or cash dedication based upon the <br /> information within tables I and II which would be required if the development <br /> took place within their corporate boundaries. <br /> CITY CASH. DEDICATION LAND DEDICATION <br /> Fridley $ 121,500 1.28 acres <br /> Plymouth $ 46,575 4.28 to <br /> Lakeville $ 40,500 3.78 to <br /> Eagen $ 38,151 ---- <br /> Arden Hills $ 37,271 4.28 of <br /> Mahtomedi $ 37,271 4.28 of <br /> Roseville $ 37,271 4.28 is <br /> Vadnais Heights* $ 37,271 4.28 " <br /> Eden Prairie $ 34,020 ---- <br /> Vadnais Heights** $ 33,544 (actual amount paid) 3.86 " <br /> Lino Lakes $ 32, 400 4.28 " <br /> Woodbury $ 32,400 ---- <br /> Coon Rapids $ 31, 104 4.28 " <br /> White Bear Lake $ 30,375 4.28 <br /> White Bear Twp. $ 26,325 4.28 <br /> Little Canadp $ 24,300 4.28 " <br /> Oakdale $ 22,275 4.28 " <br /> Shoreview $ 14, 908 4..28 " <br /> * Estimated park dedications based upon the recommendations in this report. <br /> ** Park dedication based upon existing ordinance. <br /> NOTE <br /> The above table is based entirely upon an appraised undeveloped land value. <br /> The actual fair market value of the site was approximately $ 16, 000 per <br /> acre or a total of $ 685, 440. This would substantially affect the three of <br /> the above local units (Arden Hills, Mahtomedi, and Roseville) <br />