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Application 2021 Fee Proposed Fee Escrow Notes <br />Res. 4738 (12-10-01) <br />Res. 4739 (12-10-01) <br />Per new lot, or new <br />structure on previously <br />vacant lot <br />Per buildable acre <br />$16,150.00 <br />$8,060.00 <br />$5,250.00 <br />$3,025.00 <br />$7,275.00 <br />$8,490.00 <br />$9,690.00 <br />The City Council has established by resolution a minimum residential park fee of $3,250 per dwelling unit and a <br />maximum of $5,550 per dwelling unit. <br />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 <br />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 <br />inequivalent to the fair market value of the equivalent undeveloped land a special fund named Park Dedication Funds. <br />The City Council has established by resolution a minimum commercial/industrial park fee of $8,125 per acre and a <br />maximum of $13,875 per acre. <br />STORMWATER AND DRAINAGE TRUNK FEES <br />Storm water trunk fees apply to new development and redevelopment of existing properties and provide funding for the storm water infrastructure <br />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 <br />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 <br />the storm water trunk fees per acre for the various zoning districts and land uses in the City. <br />NEW DEVELOPMENT LAND USE <br />Single Family Residential 5 Acre Zone <br />Stormwater and Drainage Trunk fees as established by Subdivision IV, Section 14-283 of the City Code. <br />Single Family Residential 2 Acre Zone <br />Single Family Residential 1 Acre Zone <br />Single Family Residential 1/2 Acre Zone <br />Multi Family Residential 4 Units/Acre or Less <br />Multi Family Residential Greater than 4 Units/Acre <br />Commercial or Industrial <br />Dedication requirement of 8% of the land being platted or subdivided. <br />(Exclusive of lot that includes an existing residence.) <br />Dedicated requirement of 8% of the land being platted or subdivided. <br />Land Dedication Minimum Area - Subdividers shall be required to dedicate to the City for parks, playgrounds, trails, open spaces and other public purposes <br />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: <br />(1) Residential/Agricultural/Multiple Residential Zoned Land. <br />(2) Commercial/Industrial Zoned Land. <br />PARK DEDICATION - See Separate Documentation