02-14-2022 Council Packet - Laserfiche WebLink

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Created: 2021-08-18 14:29:07 [EST] (Supp. No. 19, Update 4) Page 2 of 3 Developers shall be required to dedicate to the city for parks, playgrounds, trails, open spaces and other 42 public purposes as a minimum that percentage of gross land area, or other such amount as may be 43 determined by the city council, as set forth below: 44 a. In residential/agricultural/multiple residential zoned land, dedication requirement of 0.10 acres per 45 additional residential household being developed. The dedication required shall be roughly 46 proportional to the projected impact of the proposed development on the city's park system. 47 b. In commercial/industrial zoned land, dedication requirement of 0.1 acres for every acre of land being 48 developed, or for every 14 expected employees, whichever is greater. The dedication required shall be 49 roughly proportional to the projected impact of the proposed development on the city's park system. 50 The city finds that the employees of commercial/industrial developments in the city make use of the 51 city's park system, particularly trails and natural areas. Because the city's park system is focused on 52 trails and natural areas versus active community parks and ballfields, commercial/industrial employees 53 use the city's park system in ways similar to city residents. Therefore, the commercial/industrial 54 dedication requirement will be tied to the residential dedication requirement by determining the 55 number of employees that is equivalent to a residential dwelling unit in terms of impact on the city's 56 park system 57 c. The form of contribution (cash, land, or any combination) shall be determined at the discretion of the 58 city council. 59 (7) Cash contribution in lieu of lands. In those instances where a cash contribution is to be made by the 60 developer, in lieu of a conveyance or dedication of land, the cash contribution to be contributed shall be 61 equivalent to the fair market value of the land to be dedicated. The city shall account for such funds in a 62 special fund named park dedication funds. These funds are to be used only for the acquisition, development 63 and improvement of public parks, playgrounds, trails, wetlands or open spaces, and debt retirement in 64 connection with the foregoing. 65 (a) Cash contribution maximum. In those instances where the anticipated park needs are greater than the 66 number of acres to be developed, the City may establish a park dedication maximum: 67 Residential density of 3 units per acre or less: maximum 4 percent of the predeveloped value 68 Residential density of 3.1- 8 units per acre: maximum 8 percent of the predeveloped value 69 Residential density of 8.1 - 15 units per acre: maximum 12 percent of the predeveloped value 70 Residential density of 15.1 units per acre or more: maximum 20 percent of the predeveloped value 71 (8) Fair market value of lands. Fair market value for purposes of this section shall be the land predevelopment 72 value to be determined by the city council as of the time of preliminary plat application in accordance with 73 the following: 74 a. Recommendation of the County assessor. 75 b. The Developer and the City agree on the predevelopment value of the land. 76 c. If agreement is not reached, the fair market value shall be determined in accordance with the 77 following: 78 1. Fair market value as determined by the city council based upon a current appraisal submitted to 79 the city by the developer, at their expense. The appraisal shall be made by appraisers who are 80 approved members of SREA or MAI, or equivalent real estate societies. 81 2. If the city disputes such appraisal amounts, it may obtain an appraisal of the property by a 82 qualified real estate appraiser which the city council selects and which appraisal may be accepted 83