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November 2011 Park Fee Analysis P. 4 <br />Updated Population Projections. The 2008-2030 Community Management Plan estimates that at <br />full development in 2030 Orono will have approximately 4,100 households. The 2010 U.S. Census <br />determined that as of 2010 Orono had 2,826 existing households in 3,209 dwelling units. With a <br />projected long-term average of 95% occupancy, it is estimated that at full development will have <br />approximately 4,300 dwelling units and a population of 9,800 persons. <br />4,300 Total Projected Dwellings <br />- 3,209 Existing Dwellings <br />1,091 Future Dwellings <br />Projected number of households to be added is 1091/4300 = 25.4% of total projected dwellings. <br />Potential Basis for Update of Park Dedication Fee. Under the `rough proportionality' concept, the <br />added 25.4% of dwelling units should pay 25.4% of the projected value of the City's park system. <br />25.4% of $55,821,000 is $14,178,000. <br />$ 14,178,000 to be paid by 1,091 dwelling units is $12,995 per unit <br />Based on this formula, even if the City chose to spend $0 on future park acquisition, 25.4% of the <br />projected (i.e. current) value of the City's park system is 0.254 x $32,900,000 = $8,356,600. <br />$ 8,356,600 to be paid by 1,091 dwelling units is $7,660 per unit <br />Comparison to Other Cities. Currently Orono's park dedication requirement is 8% of the land, or a <br />fee between $3250 and $5550 per unit. The Association of Metropolitan Municipalities (AMM) <br />biennially publishes a Municipal License and Permit Fee Survey. The 2011 Survey data for metro <br />cities with population 2,500-10,000 indicates the average residential park fee (19 cities responding) is <br />$2600 per unit, with a range of $1000/unit to $8000/unit. In terms of a percentage of land required, <br />the average is 9.5%, with a range of 7.5% to 11 %. <br />Discussion Question: Is a Park Fee Increase Warranted? <br />