7B - Park Dedication - Laserfiche WebLink

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i. As stated above, the City should have 31.16 acres of parkland available. This new number of existing parkland puts the City 16.91 acres short of that requirement. ii. Because there is a deficit, using this number, the City must determine what additional expenditures would be needed to convert the existing city-owned land to recreational uses, if those are the desired lands for those purposes. To accurately make this determination, however, the City would be best suited in completing a parks and open space plan that details the actual types of parks needed to serve the City's population. Estimates for the costs of those parks can than be estimated based on the capital improvements that would be required to build those facilities. These additional expenditures can be added to the park dedication fee by dividing the total estimated expenditure by the total population to get a per capita fee. iii. The City may also decide that the existing undeveloped City-owned property is not appropriate for recreational purposes, in which case, the City would seek to acquire more land for parks. 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, and not for commercial uses. 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. 8. Based on the per acre value of undeveloped land, the residential fee for additional park land would equal either o.016 acres or $416 per resident. For comparison, the following park dedication requirements from different communities have been included in this report.The City of Baxter requires a percentage of the total land area being subdivided or a fee equal to $700 per unit.The City of Brainerd requires $500 per dwelling unit or a percentage of the total land area to be subdivided. Stearns County requires $l000 per dwelling unit or 10% of the usable land area of the subdivision. The City of Crosslake uses a formula based on the estimated market value of the land and the number of lots to be created, requiring a minimum of$500 per unit and a maximum of$5,000 per unit, depending on the market value,number of units,total size of the property, etc. Park Dedication Formula: Using the above analysis, the formula used to calculate park land dedication for a residential development would be as follows: City of Pequot Lakes Staff Report 6-3 May 17,2007