11-14-2016 Council Packet - Laserfiche WebLink

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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 $3,250.00 per lot x 4 lots = $13,000.00 22. SEWER AND WATER CONNECTION CHARGE. 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 $2,550.00 per lot x 7 lots = $17,850.00 23. LANDSCAPING. All landscaping shall be installed in accordance with Plan F. 24. SPECIAL PROVISIONS. The following special provisions shall apply to development of the Land: 10 1895630