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MEMORANDUM FROM: DATE: SUBJECT: Sylvia Frolik, Zoning Administrator James Gromberg, Project Manager July 29, 1991 River's Bluff P.U.D. Park Dedication Requirements With the new layout for River's Bluff P.U.D., I have computed the following requirements for park dedication. These requirements are based on the current City Code and will be presented to the Park and Recreation Commission at their August 8, 1991 meeting. The park dedication requirements and trail alignments are based on the discussion of the Park and Recreation Commission at their December 14, 1989 meeting; at which they looked at the originally approved sketch plan of River's Bluff P.U.D. Based upon current City Code, a P.U.D. is required to dedicate 20% of the total area as open space, either private or public and 10% of the total area park space. River's Bluff P.U.D., with a total area of 60 acres, would be required to dedicate 12 acres as open space and six acres for park uses. There is a 23.8 acre parcel shown as open space on the sketch plan submitted for the public hearing held on August 6, 1991 by the Planning and Zoning Commission. Of this 23.8 acres, 12 acres would be used for the open space requirement for a P.U.D. City Code allows the use of 25% of any open space as part of the park dedication requirement. The remaining 11.8 acres could then be used to fulfill 2.95 acres of the required park dedication. The City would also require 0.61 acres along the northern boundary of the P.U.D. to fulfill the trail corridor requirements. This would provide a total of 3.56 acres dedicated as park with the remaining 2.44 acres taken in cash instead of land. Using the following formula, the City would request $5,083.38 from the developers for fulfillment of park dedication: 25 units ~ $500 per unit = $12,500 @ 100% Remaining percentage of dedication 12.500 ..4067% Cash Required: $5,083.38 The remaining 2.44 acres equates to 40.67% of the total park dedication. Multiplying the $12,500 by .4067 equals a cash requirement of $5,083.38. These recommendations will go to the Park and Recreation Commission meeting on August 8, t991. Based on the prior discussion of the Park and Recreation Commission regarding the River's Bluff P.U.D., it is expected that the Commission will make the recommendation to the City Council and the Planning and Zoning Commission that this form of park dedication be acceptable to the City.