02-08-2007 Park Commission Meeting

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(/iiCi of JPWEQUOT_ PE liar --______0 LAKES MEMO TO: Pequot Lakes Park Board FROM: Dawn Bittner, Zoning Administrator DATE: January 29, 2007 RE: Park Dedication for Final Plat of Mayo Acres At an upcoming Planning Commission meeting, the Planning Commission will be reviewing the Final Plat application for Mayo Acres. The Ordinance requires that all new subdivisions dedicate land to the public for the public use ad parks, recreational facilities, playgrounds, trails, wetlands, or open space. In lieu of land dedication for these purposes, a fee may be required if suitable lands are not contained within the property to be subdivided. The Park Board's role is to review proposed subdivisions and to determine whether any land contained in that subdivision would be appropriate for a land dedication. If the Park Board finds that there is not any such land, then the Park Board may recommend that the fee be paid instead. The fee is not to exceed ten percent (10%) of the fair market value of the land prior to subdivision as determined by the Crow Wing County Assessor at the time of Final Plat approval. Mayo Acres is located in the southwestern corner of the City on the east side of Ninth Avenue SW. The property is approximately 41 acres in size and is zoned Forest Management. The proposed development would create 4 lots, each meeting the minimum requirement of 10 acres per lot. The property does not contain any existing dwellings or structures. The estimated market value of the land only is $96,800. Using the analysis we discussed in the Memorandum from Community Growth, Staff recommends the following Park Dedication Fee for Mayo Acres: 4 units x 2.2 people per household= 8.8 expected new residents 8.8 residents x 0.015 acres (per capita share) = 0.132 acres 0.132 acres x $32.000 = $4,224 park dedication fee—OR- 8.8 residents x $480 = $4,224 park dedication fee