07-25-2016 Council Packet - Laserfiche WebLink

Home Browse Search

Page 18 of 19 L. Park Dedication The City Code requires dedication of 8% of the land as public park, or payment of the equivalent value in cash. The City Council has determined there is no need for dedication of land from the proposed development. Therefore, payment of the standard Park Dedication fee for 27 new building lots will be required; the current fee ranges from a minimum of $3,250 and a maximum of $5,550 per lot, for a potential total fee of $87,750 to $149,850.* The Park Dedication Fee is due at the time of final plat approval. * As of the date of this writing, the City Assessor has not established a fair market value for the property pre-development. The figures shown reflect the minimum and maximum potential amount of the Park Fee. M. Sewer and Water Connection Charges. Municipal sewer and water utilities are planned to be extended in 2017 to serve development at this site and properties further east. Based on the estimated costs of construction of the extensions and apportioned between the three properties expected for future development, preliminary connection charges for the applicants’ site are estimated at $307,878 for municipal water and $220,567 for municipal sanitary sewer. These amounts will be due and payable at the time of final plat approval. 4. This General Concept Plan and Preliminary Plat approval is based upon the known issues that may affect this project, but this approval does not limit the City from revising or amending these conditions as the review process continues. 5. This General Concept Plan Approval resolution approves the development concept subject to the applicant meeting the requirements of this resolution and all other requirements of the City. This resolution does not constitute approval of the rezoning. Such approval shall only be considered when the City Council finds that all “Conditions for Development Plan Approval” as identified herein have been met. 6. This General Concept Plan Approval shall be effective until ________________, 2017 per the provisions of Zoning Code Section 78-628. If General Development Plan and Final Plat Approval is not granted by that date, the terms and conditions of this resolution shall be null and void. The City Council at its sole discretion may extend this effective period.