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The Everest Group <br /> • Page Two <br /> 9-3-97 <br /> '''Based on these assumptions which have been sufficiently documented by Everest and verified by City <br /> Staff, the following is the calculation for park dedication due for Building N. <br /> Total Gross Area Building N: <br /> Q+ 300,I28 sq.ft. x$2.05=615,000 x 10%=$61,500 <br /> ' Minus credit for prior cash dedication for area included in plat: <br /> 93,220 sq.ft.+ 101,886 sq.ft. = 195,106 x$0.20=39,020 x 10%=$3,902 (Program Land Add) <br /> v� 5,781 sq.ft.x$1.43 = 8,267 x 10%=$827(MV Business Park East Outlot A) <br /> Total Due for Park Dedication: <br /> $61,500-($3,902+$827)=$56,771 <br /> Upon written confirmation that payment will be made to the City of Mounds View in the amount of <br /> $56,771 for park dedication fees in relation to the plat for building N, I will schedule consideration of <br /> the Development Assistance Agreement for EDA action at the next possible regular meeting. If you <br /> have any questions feel free to contact me at my direct number 717-4002. <br /> Sincerely, <br /> • <br /> athy B nnett <br /> EDA Executive Director <br /> cc: EDA Board Members <br /> Chuck Whiting, City Administrator <br /> Jim O'Meara, Briggs & Morgan <br /> Jim Ericson, Planning Associate <br /> Bob Long, City Attorney <br /> Pvvr.r,_C .6 A-14-(1 . <br /> 05 0oC/(1 <br /> • Pfro - L0-01r <br /> /gc /O & a.o -a .05) 3(0( C�3 <br /> f Ia <br /> cis l� . 3 5?5-7 ig CI- (43 ' c s <br /> 31,0 X191 �` a� <br />