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five acre lots. (To a degree this is true however it is <br />not necessarily a direct relationship to value as it <br />noted in the following chart. The value per unit for a <br />five acre lot in Orono is currently higher than that for <br />one acre (sewered). So the five acre lot which has less <br />need for the open space component than say the one acre <br />lot would be actually contributing more to the park <br />system than the one acre lot.) <br />The other issue with using straight value is that the <br />value for co’nmercial and multiple residential, because <br />of the density, would have a higher value per acre. On <br />the one hand for multiple residential they do have <br />larger need for he open space but for particularly one <br />and two bedroom attached dwellings would have a demand <br />per unit that is less than that for the four bedroom <br />house. <br />Recent sales in the area on a per acre basis and the cost per <br />unit together with the impact of the 8% and the valuation is as <br />follows: <br />Lot Size <br />5 Acre <br />2 Acre <br />1 Acre <br />(Already <br />Sewered) <br />Commercial- <br />Industrial <br />Cost Per Acre <br />$6-7200 <br />7600-13200 <br />21-29000 <br />28-31000 <br />Per Unit <br />(One House) <br />$30-36000 <br />15200-26400 <br />21-29000 <br />8% Per <br />Unit <br />$24-2880 <br />12-2100 <br />1680-2320 <br />8% per <br />acre <br />2240-2480 <br />Per Unit <br />Under <br />Present <br />Schedule <br />$100 <br />200 <br />400 <br />$500/acte <br />Park Development - Attachment E indicates adequate park land in <br />the city based on national standards together with the limited <br />need for open space because of the large lot zoning, and the need <br />to take advantage of other jurisdictions rec 3«>tional resources <br />located within the community. The City it .-If however, while <br />perhaps not having a large need for small neighborhood parks <br />serving a very limited area, only has Bederwood at 12 acres and <br />Hackberry at 4 acres under its jurisdiction on which parks of any <br />reasonable size for organized sports can be developed. The <br />School District does have -rertain fields developed for its sports <br />which are used for jummer recreation and has acquired an <br />additional 50 acres on the east side of Old Crystal Bay Road <br />which would be appropriate to review in the development of any <br />park plan. However the City does have a very limited ability <br />currently to address the increasing demands for the organized <br />sports/coramunity playfield classification.