12-18-2000 Council Packet - Laserfiche WebLink

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Proposed Parkland Acquisition Analysis for Determining Park Fee (December 2000 Analysis) The City’s park dedication ordinance calls for minimum and maximum park dedication fee requirements to be set by Council resolution. The minimum and maximum dedication requirements for residential property are established based on the proportionate share of the cost of the City's park system to be borne by new residential units. Based on the City's plans and policies regarding parks, open space and trails, staff has determined the proportionate share of the projected cos. of the City's park system to be borne by new residential units is an average of $4,200 per dwelling unit. The calculation of this amount is as follows: 660). tern. PROPERTY TOTAL ACRES PRICE/ ACRE TOTAL COST ACRES TO ACQUIRE COST Note: All vat"-«s were adjusted upward 10% for 3 years of inflation increases since 1997-98 analysis Note: Properties in bold strikeout are no longer available for acquisition, and not included in the totals Note: New additions to list are in italics Dayton property (Cty 6 @ Orono border) 91 533,000 $3,003,000 45 acres $1,485,000 60 cs ^ e?AA O AAA AAAWiilew tSc h 10|ZiUU ‘WV MVl WJ ~W ^ JV# Vf \f Properties west of Orono Golf Course 142 S 5,500 S 780,000 70 acres $ 385,000 44 C t t AAA AAA S 6I600Q Creek Preserre (reeently sold, develeplne SFR) 1^ Ikvi Hackberry - house and lot in park $275,000 $ 275,000 Kingsley Murphy property (Crystal Bay) Option - Purchase 49 plus house 25 acres of Non- lakeshore 582,500 555,000 $6,500,000 25 acres $1,375,000 Luce Line Access to Lowry W'oods 7 522,500 plus house $157,500 plus house 7 acres $ 275,000 Properly east of Stubbs Bay Road south of RR 88 acres 522,500 $1,980,000 50 acres $1,1.25.000 Camp Teko 18 5192,500 $3 465,000 mm Trail underpass at CR 6 and Old Crystal Bay Road S150M0 Neighborhood Park near H\\y 12 and Old Crystal Bay Road S250,000 Sohns Property in Navarre 5200,000 Sub Total $5,520,000