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Example: <br /> <br />Staff compared the park and trail dedication fees generated by 1 acre of residential land <br />using 2.5 dwelling units per acre and 1 acre of commercial land. <br /> <br />Park Units <br /> units/ <br />Residential 2,50 acre 2200 5500 <br />Commercial 1 acre 4356 4356 <br /> <br />Ratio 1.26 <br /> <br />Trail Units <br /> units/ <br />Residential 2.50 acre 550 1375 <br />Commercial 1 acre 100 100 <br /> <br />Ratio 13.75 <br /> <br />Revised <br />Commercial 1 acre 1.0,.90 1090 <br /> <br /> 1.26 <br /> <br />This basis for this analysis was the Bloomington analysis that commercial development <br />accounts for 10% of park use. Commercial development can have approximately the <br />same number of people per acre as high density residential. Using 2.5 units / acre * 3 <br />people/unit = 8 people / acre for seemed like a fair basis for comparison of residential - <br />and commercial fees. This may not be an exact 10% of the commercial occupants/acre <br />but is a point for comparing the impact of the fees charged. The $100/acre commercial <br />trail fee is 7% of the rate charged to residential land whereas the Park fee is 79% of the <br />fee for residential. The revised commercial trail fee is shown at $1090/acre. This would <br />make it 79% of the residential rate. <br /> <br />Changing to a fee per acre makes logical sense in that it removes the ambiguity of FMV <br />and makes the calculations straight forward. The question then becomes what is a fair <br />price for C/I park dedication fees. The rates for several neighboring cities are shown <br />below. <br /> <br />52 <br /> <br /> <br />