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EA <br /> development would be 5.3 units per acre and would therefore require 11% of the buildable land <br /> to be dedicated. Currently, the fee is $3,400 per unit. This fee is set annually, and the current <br /> rate at the time of building permits would be paid. <br /> Required Park <br /> Dedication6 *Land OR • d <br /> Calculations <br /> 11 % of the developable acres 7.4 acres 4.2 acres (56%) <br /> $3,400 per unit $1,207,000 $531,080 (44%) <br /> The above assumption is only if the entire property is master planned and uses park dedication <br /> overall. If each parcel is developed separately, the park dedication would be calculated <br /> separately. <br /> Only buildable land is accepted for park dedication. The City may accept wetlands,ponds, or <br /> other undevelopable land areas that could be incorporated in the park system but dedication <br /> credit will not be given for these areas. Trail construction is required,but park land dedication <br /> credit is not given for trail corridors. Only contiguous buildable park land is granted credit for <br /> park dedication. Based on the wetland survey for the property, not all of the proposed 4.2 acres <br /> of parkland is buildable. <br /> In 2020, Parks Commission reviewed the sketch plan from the applicant with showing generally <br /> the same proposed park and trail plan, and provided comments to the applicant. The Parks <br /> Commission provided the following feedback: <br /> • The Commission stated that the trails shown were generally in a good location as long as <br /> they were in a buildable area, not within a wetland or stormwater pond. Some off road <br /> trails were desired. <br /> • Continue the paved trail along west side of Fenway Avenue to Frenchman Road/CSAH 8. <br /> • Construction of a paved trail on the south side of Frenchman Road/CSAH 8. <br /> • Construction of sidewalks where required. <br /> • Incorporation of the greenway corridor per the 2040 Comprehensive Plan. <br /> • Incorporation of the Downtown Design Guidelines. <br /> • The Commission would consider a park in the area closer to the higher density residential <br /> development. They would also consider a combination of land and fee for park dedication <br /> satisfaction. <br /> o Any land used to satisfy the park dedication requirement shall be buildable. <br /> o Could be located within the greenway corridor. <br /> o Medium sized park with active amenities. <br /> 7 <br /> Oneka Commons Sketch Plan 2022 <br />