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,: <br />Gustafson's Fifth Addition <br />October 17, 2001 <br />Page 2 <br />existing house, will be excluded from the park dedication fee calculation, as allowed by the City <br />Code. The total vaI�e, excluding lot #4, is $55,943, making the park dedication fee $5,590. <br />Lot 1 <br />Lot 2 <br />Lot 3 <br />Sq• Fta <br />Lot #4"* <br />Pa�k Dedication Fee Calculatiorz <br />Land Value* <br />$ 14,60Q <br />$ 23,800 <br />$ 28,400 <br />$ 66,600 <br />$ 0.79 <br />$ 10,897 <br />Area s . ft. <br />98,188 <br />34,218 <br />31,796 <br />84,202 <br />13,736 <br />Total, less proposed Lot #4 $ 55,903 70,466 <br />Park Dedication Fee $ 5,590 <br />10% of iotal Value, not includin Lot #4 <br />" Source: Ramsey County Tax Assessor <br />'"Value derived from proposed lot equaling 13,73fi square feet multiplied by $.79 per acre. <br />Recommendation: <br />Hold the public hearing and discuss the proposed subdivision. Resolntion 675, a resolution <br />recornrnending approval of the preliminary plat, is included with this report for the Planning <br />Commission to act on if they feel approval of the subdivision is warranted <br />Jim Atkinson <br />Planning Associate <br />Attachments: <br />1. Application <br />2. Preliminary Plat (Sepazate Attachment) <br />t`` i ` 1 <br />_' <br />