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SUMMARY OF THE RESULTS OF PARK DEDICATION FEE <br />CHARGED BY ORCNO IN RECENT SUBDIVISIONS <br />The following schedule suaunarizes the Pa -’- Dedication Fee <br />charged by Orono in recent subdivisions and cc res that to the <br />fee that would have been charged had a 10% Pa- Dedication Fee <br />been charged. <br />Painters Creek - 5 acre zone <br />r <br />$181,8%.^ <br />10 <br />$1,000 <br />$18,180 <br />Total Acres (37.69 + 14.97) <br />Lard 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) 2 acre zone <br />ratal 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 />Park 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 />Park Dedication Fee Actually Charged <br />Using Percentage of Value (10% of 49,000) <br />The foregoing schedule, we believe, demon?crates the woeful <br />inadequacy of the current Orono Park Dedication Fee Schedule <br />when compared w_th the fees charged by other similcir communities. <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 />$11,500 <br />18;47 <br />$^i;,000 <br />6 <br />$1,200 <br />$4,900 <br />-3-