Agenda - Parks and Recreation Commission - 11/14/1991

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MEMORANDUM To: From: Dale: Subject: Ryan Schroex~r, City Administrator James Ommberg, Project Manager. -"~ November 5, 1991 park Dedication Payments As you requested, I have broken down the amounts of park dedication that the City will receive from the developers of the three subdivisions in Tax Increment District Number 5. Listed in the table below are the amounts the City should receive as each phase ol development of the projects are completed. The table also gives the approximate date by which the City should receive the money. Cedar Hills 7.30 acres of Park Land Phase # 'Lots Dedication Special Payment Total Payment Assessment Date Received ($215.15/Iot) ($200/Iot) 1 35 $7,530.25 $7,000 1 991 $14,530.25 2 35 $7,530.25 $7,000 1 992 $14,530.25 3 :3 0 $6,454.50 $6.000 1993 $12,454.50 ,4 1 6 $3,442.40 $3.200 1 994 $6.642.40 $24,957.40 $2;3,200 $48,1 5'7.40 Windemere Woods 0.25 acres of Park Land Phase Lots Dedication Special Payment Total Pa y me nt Assessment Da te Received ($215.15/Iot) ($200/Iot) S6.024.20 $5.600 1991 $11.624.20 $5.378.75 $5.000 i992 S10.3'78.75 1.402.95 $10,400 $22,002.95 Chestnut Hills 0.62 acres of Park Land Phase # Lots Dedication Special Payment Total Payment Assessment Date Received ($215.15/Iot) ($200/Iot) i 14 $3,012.10 $2,800 1991 $5,812.10 2 3 8 $8,175.70 $7,600 I 992 $15,775.70 3 2 1 $4.518.15 $4,200 1 993 $8,71 8.15 4 2 7 $5,809.05 $5,400 1994 $11 ,209.05 $21 .515.00 $20,000 $41 ,51 5.00 The City has also received $9.000 for park dedication with the recordin_o of the Chestnut Pond Subdivision. Chestnut Pond currently is no~ scneduied to be special assessed for Dark