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EXHIBIT B - PARK DEDICATION COMPUTATION <br /> Rivenwick Addition <br /> <br />Commercial Acreage <br />Residential Acreage <br /> Total Area <br /> <br />61.61 acres 59.82 <br />41.39 acres 40.18 <br />103.00 acres <br /> <br />Number of Acres Percent Required Park Dedication Required <br />61.61 acres 5% 3.08 acres <br />41.39 acres 10% 4.14 acres <br /> Total Park Dedication Required 7.22 acres <br /> <br />7.22 acres <br />4.69 acres <br />0.25 acres <br />2.28 acres <br /> <br />Commercial Dedication Cash Equivalents <br />(2.28)(.5982*) = 1.36 acres for Commercial <br />(1.36 acres)($6,600**) = <br /> <br />Residential Dedication Cash Equivalents <br /> <br />(2.28)(,4018*) =.92 acres <br />.92 * 7.22 = i2.7% <br />(12.7%)($500 per Lot***) = $63.50 <br />Phase One <br />($63.50)(51)= <br /> <br />· Percentage development that is rezoned accordingly. <br /> <br />Park Dedication Required <br />Dedicated as Park <br />Scenic Easement Credit <br />Additional Dedication Required <br /> <br />$8,976.00 <br /> <br />$3,238.50 <br /> <br />This is the current estimated market value of commercial property with City services <br />available. <br /> <br />Total Requirements for Phase One of Rivenwick Addition <br /> <br />Land 4.69 acres <br /> 0.25 acres credit scenic easement <br /> <br />Cash $12,214.50 <br /> <br />] <br />! <br />I <br /> <br />I <br />! <br />I <br />[ <br />I <br />[ <br />i <br />I <br />[ <br /> <br />I <br /> <br />I <br />I <br /> <br /> <br />