Laserfiche WebLink
• <br />50% of Total System Cost to be Paid by Future Development <br />$11,482,700 <br />Commercial /Industrial Portion <br />$ 3,398,200 <br />Residential Portion <br />$ 8,084,500 <br />Park Cost per Residential Unit Based Upon Total Projected <br />Park System Cost (at full development) <br />Total Lino Lakes Persons per <br />Saturation Population Household <br />30,000 - 2.7 = 11,111 Total Households /Buildout <br />- 5,255 - Existing Households <br />5,856 Future Households <br />$8,084,500 (Residential Portion of Future Park Cost) _ 5,856 (Future Households) = <br />$1,380 (park cost per unit) <br />RECOMMENDATION <br />1. The recommendation is to adopt attached Resolution 01 -_ establishing a <br />residential park dedication fee of $1,380 dollars per unit and a <br />commercial /industrial park dedication fee of $2,614 per acre. <br />• 2. The recommendation is to adopt attached Ordinance 06 -01 amending the <br />Subdivision Ordinance to modify park dedication standards and requirements <br />based upon the findings and recommendations of the Lino Lakes Park and Trail <br />Dedication Study. <br />• <br />4 of 4 <br />