Ord #275 - 3rd Series - Amending 2022 Fee Schedule

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Application PARK DEDICATION 2022 Fee Escrow Notes Land Dedication Minimum Area - Developers shall be required to dedicate to the City for parks, playgrounds, trails, open spaces and other public purposes an amount of land proportional to the amount of land being developed and to the number of residential units or commercial industrial employment, as set forth in Section 82-226: 0.1 acres of land per residential dwelling unit 0.1 acres for every acre of commercial or industrial zoned land, or 0.1 per every 14 expected employees, whichever is greater Cash contribution is equal to the amount of land required In those instances where a cash contribution is to be made by the Cash contribution maximum Where the anticipated park needs are greater than the number of acres to be developed, the city establishes a maximum park dedication maximum: Residential density of 3 units per acre or less: maximum 4 percent of the predeveloped value Residential density of 3.1- 8 units per acre: maximum 8 percent of the predeveloped value Residential density of 8.1 - 15 units per acre: maximum 12 percent of the predeveloped value Residential density of 15.1 units per acre or more: maximum 20 percent of the predeveloped value STORMWATER AND DRAINAGE TRUNK FEES Storm water trunk fees apply to new development and redevelopment of existing properties and provide funding for the storm . �+o. nam c --.. t- — #.o ri+,, Tkn +, L, foo i� k—A — +ho 1-4 o —4 .,f +.,�---+,, hoi— An -1-n-4 Stormwater and Drainage Trunk fees as established by Subdivision IV, Section 14-283 of the City Code. NEW DEVELOPMENT LAND USE " "`""' """" Per buildable acre Single Family Residential 5 Acre Zone $16,150.00 Single Family Residential 2 Acre Zone $8,060.00 Single Family Residential 1 Acre Zone $5,250.00 Single Family Residential 1/2 Acre Zone $3,025.00 Multi Family Residential 4 Units/Acre or Less $7,275.00 Multi Family Residential Greater than 4 Units/Acre $8,490.00