09-12-2016 Council Packet - Laserfiche WebLink

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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. Because of the vastly differing land values in the city, the eight percent 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. Periodically, therefore, the city will 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 the city. 8% of the value of the land is lower than the minimum, so $3,250 per residential unit will be used. Therefore the park dedication due at the time of Final Plat is $22,750.00. However, as part of the original plat for the subject property, Leach Addition, (1978), three lots were platted, and park dedication paid. Park dedication for four lots are due with the Project. The adjusted park dedication is $13,000.00 (4 x $3,250.00) M. Sewer and Water Connection Charges. Water connection charges paid as part of the 1970 LW -1 project were 7.5 residential equivalent units. No additional water connection charges have been identified. Assessed charges as part of the 1984 Lift Station 7 and forcemain upgrade are owed as part of this project and amount to $2,550.00 per unit ($610.00 + $1940.00). Based on 2016 fee schedule, the fees are: $0.00 for municipal water and $17,850 for municipal sanitary sewer. (2,550.00 x 7) These amounts will be due and payable at the time of final plat approval. 4. This 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 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. Page 14 of 15