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Sin£iARY OF THE RESULTS OF PARK DEDICATION FES <br />CHARGED BY ORONO IN RECENT SUBDIVISIONS <br />The following schedule sucunarises the Park Dedication Fee <br />charged by Orono in recent subdivisions and compares that to the <br />fee that would have been charged had a 10% Park Dedication Fee <br />been charged. <br />Painters Creek - 5 acre zone <br />Total Acres (37.69 + 14.97) <br />Land Value (131,800 + 50,000) <br />Number of Lots (PRD) <br />Park Dedication Fee Actually Charged <br />Using Percentage of Value (10% of 181,800) <br />Golden View - (Peterman Addition) I acre zone <br />Total Acres <br />Land Value <br />Number of Lots <br />Park Dedication Fee Actually Charged <br />Using Percentage of Value (10% of 83,900) <br />Meyer Dairy Addition - 2 acre zone <br />Total Acres <br />Land Value <br />Number of Lots <br />P2urk Dedication Fee Actually Charged <br />Using Percentage of Value (10% of 115,000) <br />Rolling Meadows - 2 acre zone <br />Total Acres <br />Land Value <br />Number of Lots <br />Paurk Dedication Fee Actually Charged <br />Using Percentage of Value (10% of 49,000) <br />52.56 <br />$181,800 <br />10 <br />$1,000 <br />$18,180 <br />18.75 <br />$83,900 <br />6 <br />$1,200 <br />$8,390 <br />34.24 <br />$115,000 <br />11 <br />$2,200 <br />$11,500 <br />18.47 <br />$49,000 <br />6 <br />$1,200 <br />$4,900 <br />The foregoing schedule, we believe, demonstrates the woeful <br />inadequacy of the current Orono Park Dedication Fee Schedule <br />when compared with the fees charged by other similar communities. <br />-3-