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PHASE 1 PARK FEE <br />TANDEM PROPERTIES <br />Dickey Property - Total acres excluding house lot = 37.71 acres <br />Value per acre = $13,500.00 <br />Total area excluding bike trail (.66 acres) * 37.05 <br />Value of adjusted area = 500,175.(X) (37.05 x 13,500.00] <br />Value of park outlet « 40,500.00 <br />Adjusted valuation = 459,675.(X) <br />Park dedication fee at .08% $36,774.00 <br />Credit bike trail construction( 1,546 ft. x $20.00 per ft.] 30.920.00 <br />Dickey parcel park fee $ 5.854.00 <br />Coffin Property - Total acres * 30.52 acres* <br />Value per acre * $15,000.00 <br />Total valuation = $457,800.00 <br />Park dedication fee 08% $36.624.00 <br />Phase I Total Park Fee $42.478.00 <br />*House lot not included in first phase