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process to study the recreation opportunities available and needed within the City, and then adjust Ordinances from there. The City can also use a simplified calculation based on estimates provided through various sources.The Staff recommends that the City,at some point in the near future,update and clarify the following process with a full parks and open space plan, so that all park needs are assessed and direction is given to the City on how funds should be spent and where properties should be acquired. Basic Park Needs Analysis: 1. The standards indicate that rural communities with a good supply of recreation opportunities tend to have 12 - 15 acres of city parkland per 1,000 residents. Given the recreational character of the community,this analysis will use the standard of 15 acres of city parkland per 1,00o residents. 2. The City of Pequot Lakes has 1,956 year-round residents, according to the State Demographic Center for 2005 population estimates. Based on the standard listed above, the City should have approximately 29.34 acres of city-owned parkland available to serve the needs of current year-round residents. 3. At last month's meeting, the Commission discussed the inclusion of the seasonal population in this value. Our most recent seasonal population estimate is based on the U.S. Census Bureau information, which states that 55 of the housing units in the City were for seasonal, recreational, or occasional use, resulting an addition 121 seasonal residents,by using the average household size for the City.The total population,then, to be served by the City's recreational resources is 2,077 people. -� 4. Within the City, there is currently roughly 29 acres of city-owned parkland available. It appears that the City is on par with meeting the acreage needs for existing year-round residents. To serve the increase in seasonal population, the City should have 31.16 acres of parkland available.The City is currently short by 1.82 acres of land.These unmet park needs should be included in the calculations for park dedication. 5. The per capita share of the total parkland goal is calculated next. 31.16 acres/1,956 residents(population) = 0.016 acres per resident.This ratio assumes that all parkland is for residential uses and purposes. A park and open space plan would study the use of existing parks and determine what percentage of the use is attributed to residences and what proportion is attributed to commercial uses (such as employees eating on lunch break,business-sponsored softball leagues,etc.). 6. Incorporate the result from into the Ordinance. The amount of land to be dedicated as part of residential subdivision or plat will be equal to the per acre residential share (0.016 acres)times the number of residents expected in the development or subdivision. 7. To calculate the park dedication fee in lieu of land dedication, the amount of land dedication required is multiplied by the per acre value of undeveloped land in the City. An analysis of undeveloped land in the City shows that the per acre value of undeveloped land is roughly $32,000, representing the median value of all properties less than ten acres in size (half of the land is valued higher and half is valued lower). Using undeveloped properties of all sizes in the City,the median land value is about$26,000. a. The average value of all undeveloped land in the City is $68,978, but this value includes high-valued lakeshore properties that the City is unlikely to seek to acquire for park purposes and that skew the average much higher when the majority of the properties have a much lower value. -� 8. Based on the per acre value of undeveloped land, the residential fee for additional park City of Pequot Lakes Staff Report 8-2 April 19,2007