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�_ <br />Mermaid Preliminary Plat Report <br />August 1, 2009 <br />Page 2 <br />Park Dedication Reauirement: <br />Chapter I204 of the Mounds View Municipal Code requires that all major subdivisions and plats <br />pay a park dedication fee. For developments encompassing more than one acre of land, the fee <br />amounts to ten percent of the associated land vaIue. The table below lists the land values <br />associated with the Mermaid project and the amount of the park dedication required for this <br />project: <br />10: <br />Halls: <br />Rent Afl <br />Holding Pond <br />TOTAL: <br />PIN <br />083023430005 <br />08302343000fi <br />083023430007 <br />083023430408 <br />U83023430009 <br />Part of 083023430021 <br />'Based on Market Value For Property Taxes Payable 2001 <br />MV Land" <br />$ 26,100 <br />$ 261,600 <br />$ 370,500 <br />$ 68,000 <br />$ 79,300 <br />$ 117,557 <br />$ 923,057 <br />Area (SF) <br />17,753 $ <br />82, 842 $ <br />168,555 $ <br />40,521 $ <br />41,854 $ <br />57,910 $ <br />409,435 - $ <br />1.47 <br />3.1fi <br />2.20 <br />1.68 <br />1.89 <br />2.03 <br />2.25 <br />From this table, the fee that would be charged to the Mermaid for this plat would be $92,306. <br />Easements: <br />All of the necessary easements are indicated on this plat. The ten-foot drainage and utility � <br />easements along County Road H and County Highway 10 will be changed to five feet to coincide <br />with the approved parking lot setbacks for the development. <br />Recommendation: <br />Staff is recommending approval of Resolution 63 8-00, a resolution recommending approval of the <br />Mermaid Addition preliminary plat, with stipulations. <br />�J C�l��vtx� ��� ���, <br />James Ericson, Community Development Director <br />Attachments: <br />1. Mermaid Addilion plat, date-stamped 7/25/O1 <br />2. Resolution 669-01 <br />N:IDATAIGROUPSICOMDEV1Development Casea1Pd00.UO2 (Mermaid PUD)1Mermaid pre plat - August 1, 2001.doc <br />