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Memo:Nordenstua Park Dedication, 10/29/07 Page 2 of 2 <br /> 3. The use of private open space is restricted for park and recreational purposes by <br /> recorded covenants which run with the land in favor of the future owners of the property <br /> within the development and which cannot be defeated or eliminated without the consent <br /> of the City of Pequot Lakes. <br /> 4. The area required to obtain increased densities shall not be included in the computation <br /> of such private open space. <br /> Nordenstua on Sibley has proposed an open space area totaling 451,798 square feet, <br /> approximately 10.37 acres (excluding all impervious surface such as roads contained within the <br /> open space lot). Within this open space area, there are proposed community drainfields, a bluff, <br /> and setback areas that will need to be excluded.The proposed primary and alternate community <br /> drainfields measure approximately 18,210 square feet. The area contained within setbacks <br /> (including the bluff area) has an area of approximately 16o,516 square feet. Subtracting out <br /> these areas results in open space with an area of approximately 291,282 square feet, or 6.69 <br /> acres.The 2.5%-credit results in a credit of 7,307.05 square feet. <br /> Gross Open Space 451,798 sq.ft. <br /> Drainfield Area 18,210 sq.ft. <br /> Setback Area 160,516 sq.ft. <br /> Net Open Space 291,282 sq.ft. <br /> 2.5%Credit 7,307.05 sq.ft. <br /> The proposed Net Open Space, as calculated above, meets the remaining conditions for the <br /> 2.5%-credit. The open space does not contain any maintenance or caretaking buildings, but it <br /> `., does contain an association building that is would be available for recreational use to users of <br /> the development. The applicant intends to record covenants which run with the land restricting <br /> the use of the open space area to park and recreational purposes. In addition, the applicant has <br /> not applied for any density increases, and so all of the open space land is included in the credit <br /> computations. <br /> This credit is then applied to the base requirements for park dedication, detailed above and <br /> repeated below. Adjusting for the 2.5% credit results in a total land dedication requirement of <br /> 12,626.o1 square feet, a total fee requirement of$7,536.19,or some combination thereof. <br /> Base Land Dedication 19,933.06 sq.ft. <br /> 2.5%Credit 7,307.05 sq.ft. <br /> Adjusted Land Dedication 12,626.01 sq.ft. <br /> Adjusted Fee Dedication $7,536.19 <br /> 14084 Baxter Drive, Suite 7 1 Baxter, Minnesota 56425 1 218.828.3064 1 www.communitygrowth.com <br />