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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 <br /> <br />Residential~ <br />Commercial <br /> <br />Units <br /> units/ <br /> 2.50 acre 2200 5500 <br /> 1 acre 4356 4356 <br /> <br />Ratio 1.26 <br /> <br />Trail ::units <br /> ~ units/ <br />ResidentialI 2.50 acre 550 1375 <br />CommerCial 1 acre 100 100 <br /> <br />Ratio <br /> <br />13.75 <br /> <br />Revised <br />Commemia <br /> <br />I acre 1090 1090 <br /> <br />1.26 <br /> <br />This basis for this analysis was the Bloomington analysis that commercial development <br />accounts roi: 10% of park use. Commercial development can have approximately the <br />same nurabbr o~people per acre as high density residential. Using 2.5 units / acre * 3 <br />people/uni~= 8 People / acre for seemed like a fair basis for comparison of residential <br />and comm.e¢cial'.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~,4 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 t6 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/[ park dedication fees. The rates for several neighboring cities are shown <br />below. <br /> <br /> <br />