02/04/1991 Park Board Packet - Laserfiche WebLink

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Well that shows a modest increase. Let's look at Sunrise Meadows. Even though its already developed it should be a good test for the formula. 00IN /1" 30*' (10,000) (.10) (42) _ $407. 103 Hmmm. Some improvement over the current $400. but not too much. Let's try Woodridge Estates. (10,000) (.10) (38) _ $542. 70 OK. Now the pattern emerges. Development with lower densities pay higher rates with the formula. Here all the R-1X developments will pay more if the park board asks for cash. Subdivisions in R-1 areas will pay lesser amounts. Now there are two ways of looking at this. First it can be argued that the bigger lots are more valuable and a higher dedication is fair. And it can also be argued that large lots cover a greater land area so they should pay more; you know, closer to the ten per cent rule. The other way of arguing this is that residential areas with greater densities need more park facilities because each lot is smaller. Hence, the cash dedication should be greater. There are after all more people to serve in an R-1 area vis-a-vis an R-1X 11-1s, district. Let's go back to some analysis. Using the draft formula a residential development with a density of 25 homes per acre (about average) would pay $400. per lot - exactly what the current rate is. With the draft formula any density greater than 25 homes per acre actually would pay less than the current amount. For example three lots per acre would provide a fee of only $333. each. A development with two homes per acre would pay $500. for each lot. Here's my recommendation. Recommend approval of the formula but just as there is a minimum land value there should be a minimum park fee. The city should increase that fee to $450. per lot. If the formula produces a greater amount then fine. But if not the developer would pay the $450. fee. Recommended Action: Motion to recommend to the city council adoption of an ordinance amendment setting the park fee for minor subdivision at $500. and establishing a formula for determining other park fees but with the addition of a $450. minimum fee for each lot in a major subdivision.