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Application 2022 Fee Escrow Notes <br /> PARK DEDICATION <br /> Land Dedication Minimum Area-Developers shall be required to dedicate to the City for parks,playgrounds,trails,open spaces and <br /> other public purposes an amount of land proportional to the amount of land being developed and to the number of residential units or <br /> commercial industrial employment,as set forth in Section 82-226: <br /> 0.1 acres of land per residential dwelling unit <br /> 0.1 acres for every acre of commercial or industrial zoned land,or 0.1 per every 14 expected employees,whichever is greater <br /> Cash contribution is equal to the amount of land required In those instances where a cash contribution is to be made by the <br /> Cash contribution maximum <br /> Where the anticipated park needs are greater than the number of acres to be developed,the city establishes a maximum park <br /> dedication maximum: <br /> Residential density of 3 units per acre or less:maximum 4 percent of the predeveloped value <br /> Residential density of 3.1-8 units per acre:maximum 8 percent of the predeveloped value <br /> Residential density of 8.1-15 units per acre:maximum 12 percent of the predeveloped value <br /> Residential density of 15.1 units per acre or more:maximum 20 percent of the predeveloped value <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 <br /> ,.ntar Infronrn,rt,,ro norocconn rn canna rho ra.,Tho tr,,nl,fon is hocod nn rho lond,,c and arrooao of rho nr„nort,n halno dovalnnad <br /> Stormwater and Drainage Trunk fees as established by Subdivision IV,Section 14-283 of the City Code. <br /> NEW DEVELOPMENT LAND USE Per new lot,or new buildable uildable acre <br /> Mn, „rr nn n..wn„d� _ <br /> Single Family Residential 5 Acre Zone $16,150.00 <br /> Single Family Residential 2 Acre Zone $8,060.00 <br /> Single Family Residential 1 Acre Zone $5,250.00 <br /> Single Family Residential 1/2 Acre Zone $3,025.00 <br /> Multi Family Residential 4 Units/Acre or Less $7,275.00 <br /> Multi Family Residential Greater than 4 Units/Acre <br /> $8,490.00 <br />