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„ 3i�-_. - r . 7 O� � O O �b. - � C ITY of ORONO � ' ti '� RESOLUTION OF THE CITY COUNCIL ��9kE Hpg'�G NO. 4- Q� � `� . S A RESOLUTION ESTABLISHING � MI1vIMUM 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 � � WI�REAS,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 in 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 WHEREAS,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 tlus 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$3,900 per household; and . WHEREAS,the application of the City's general 8%park dedication requirement would result in those properties with lower values paying less than the $3,900 average, and those � � properties with higher values paying more than the $3,900 average; and , WHEREAS, the establishment of ininimum and maximum 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