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�- _ ,� �- /� �� � � � ��e. - CITY of ORONO _. ,� � �� G'�' RESOLUTION OF THE CITY COUNCIL ��SHp4� � • NO. _ � � � � . A RESOLUTION ESTABLISHING MII�TIMUM AND MAXIMUM PARK DEDICATION AMOUNTS FOR RESIDENTIAL/AGRICULTURAL/MULTIPLE RESIDENTIAL ZONED LAND WHEREAS, the City's general park dedication requirement is 8%of the land being platted or subdivided; and WHEREAS,the City's park dedication ordinance calls for the dedication requirement to be roughly proportional to the projected impact of the proposed development on the City's park system; and WHEREAS, because of the vastly differing land values in Orono, the 8% park • dedication requirement could result iri park dedication requirements that are either significantly greater than or significantly less than the amount which is roughly proportional to the impact of the proposed development on the City's park system; and WFIEREAS, to address the rough proportionality issue, the City will periodically establish both a maximum and minimum park dedication amount per dwelling unit, based on an updated projection of the cost of the City's park system,and the proportionate share of this projected cost to be borne by new dwelling units in Orono; and WHEREAS,the proportionate share of the projected cost of the City's park system to be borne by new dwelling units is an average of$4,200 per household; and WHEREAS,the.applicatiori of the City's general8%park dedication requirement � would result in those properties with lower values paying less than the $4,200 average, and those properties with higher values paying more than the $4,200 average; and WHEREAS, the establishment of minimum and m�imum park dedication fee amounts addresses the need for rough proportionality between the park dedication fee and the impact of the development on the park system. • Page 1 of 2 ,