01-25-2021 Council Packet - Laserfiche WebLink

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Application Adjusted Fee Escrow Notes Res. 4738 (12-10-01) Res. 4739 (12-10-01) Per new lot, or new structure on previously vacant lot Per buildable acre $16,150.00 $8,060.00 $5,250.00 $3,025.00 $7,275.00 $8,490.00 $9,690.00 Dedication requirement of 8% of the land being platted or subdivided. (Exclusive of lot that includes an existing residence.) Dedicated requirement of 8% of the land being platted or subdivided. Land Dedication Minimum Area - Subdividers shall be required to dedicate to the City for parks, playgrounds, trails, open spaces and other public purposes as a minimum that percentage of gross land area, or other such amount as may be determined by the City Council, as set forth below: (1) Residential/Agricultural/Multiple Residential Zoned Land. (2) Commercial/Industrial Zoned Land. PARK DEDICATION Single Family Residential 2 Acre Zone - all wetland acreage up to the delineation line - acreage of stormwater ponding or similar improvements that provide additional treatment benefits beyond what is required to treat the stormwater runoff from the development site. - acreage of conservation easements resulting from Conservation Design process Multi-family and High-Density Single Family Developments. Trunk fee shall be charged on a per-acre basis, except that the following acreages will not be subject to the trunk fee: Single Family Residential 1 Acre Zone Single Family Residential 1/2 Acre Zone Multi Family Residential 4 Units/Acre or Less Multi Family Residential Greater than 4 Units/Acre Commercial or Industrial The City Council has established by resolution a minimum commercial/industrial park fee of $8,125 per acre and a maximum of $13,875 per acre. STORMWATER AND DRAINAGE TRUNK FEES Storm water trunk fees apply to new development and redevelopment of existing properties and provide funding for the storm water infrastructure necessary to serve the City. The trunk fee is based on the land use and acreage of the property being developed. An equivalency factor multiplier is assigned to each land use type, with a 2-acre residential lot considered as the standard in the City with an equivalency factor of 1.0. The table below lists the storm water trunk fees per acre for the various zoning districts and land uses in the City. NEW DEVELOPMENT LAND USE Single Family Residential 5 Acre Zone Stormwater and Drainage Trunk fees as established by Subdivision IV, Section 14-283 of the City Code. The City Council has established by resolution a minimum residential park fee of $3,250 per dwelling unit and a maximum of $5,550 per dwelling unit. Cash Contribution in Lieu of Lands. In those instances where a cash contribution is to be made by the subdivider, in lieu of a conveyance or dedication of land, the cash contribution to be contributed shall be that would otherwise have been conveyed or dedicated. The City shall account for such funds inequivalent to the fair market value of the equivalent undeveloped land a special fund named Park Dedication Funds.