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Memo:Park Dedication,01/30/07 Page 3 of 6 7. Based on the per acre value of undeveloped land, the residential fee for additional park land would equal either 0.015 acres or$48o per resident. 8. This current population number is slightly above the population projection path that places the City's total residential population at 2,247 in the year 2030. Given that the City experiences a seasonal increase in population, the Planning Commission may want to consider increasing the ratio of parkland per 1,000 residents. Using the above analysis, the Ordinance changes would include the following options for park dedication: 1. Dedicate or reserve a reasonable portion of land for parks, playgrounds, trails, or green space of sufficient size to meet the needs of the residents of the subdivision, up to 0.015 acres per resident expected in the development. The maximum amount of land the Planning Commission may require shall not exceed lo% of the gross area of the subdivision. 2. Make a payment of up to $48o per expected resident in the subdivision,with an average household size of 2.2 persons. 3. Make a combination of land dedication and cash payment to the City for parks and open space purposes reflecting the values contained herein. On-the-Ground Analysis The following will detail the differences between recent subdivisions using the above criteria for analysis. Keen Addition In the Keen Addition development, there were 6 new residential lots. The average number of people per household, according to the State Demographic Center, is 2.2 people. So, we can expect that there would be about 13 people living in that development. The amount of land required for dedication would be o.198 acres,or about 8,625 square feet.The cash in lieu of land dedication(park dedication fee)amounts to$6,336. 6 units x 2.2 people per household= 13.2 expected new residents 13.2 residents x 0.015 acres(per capita share)= o.198 acres o.198 acres x$32,000= $6,336 park dedication fee—OR— 13.2 residents x$48o= $6,336 park dedication fee Total developer dedication actually paid= $3,210 Using this method, without a land dedication the developer would pay $6,336. The developer was actually charged $3,210 based on the current system of charging 1o% of the value of the land. Island Vista The Island Vista development created seven(7)residential lots,with a total expected population of approximately 15 people. The amount of land required for park dedication would amount to 0.231 acres (1o,o62 square feet).The total park dedication fee,if no land were dedicated,would be$7392. 7 units x 2.2 people per household= 15.4 expected new residents 15.4 residents x 0.015 acres(per capita share)= 0.231 acres 0.231 acres x$32,000= $7,392 park dedication fee—OR— 15.4 residents x$48o= $7,392 park dedication fee Total developer dedication actually paid= $15,203 14084 Baxter Drive, Suite 7 1 Baxter, Minnesota 56425 1 218.828.3064 1 www.communitygrowth.com