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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />EXHIBIT <br /> <br />Residential Aca'eage <br />Total Area <br /> <br />B - PARK DEDICATION COMPUTATION <br /> Rivenwick Addition <br /> <br />61.61 acres 57.6 % <br />45.39 acres 42.4 % <br />107.00 acres <br /> <br />Number of Acres Percent Required <br />61.61 acres 5% <br />45.39 acres . 10% <br />Total park dedi, ation required <br /> <br />Park <br /> <br />Dedication Required <br /> 3.08 acres <br /> 4.54 acres <br /> 7.62 acres <br /> <br />7.62 acres <br />4..69 acres <br />2.93 acres <br /> <br />Commercial:De~lication Cash equivalents <br />(2.93)(.576*) = 1,69 acres for Commercial <br />(1.69 acres)($6,600**) = <br /> <br />Park Dedication Required <br />Dedicated as park <br />Additional Dedication required <br /> <br />Residential: Dedication Cash equivalents <br />(2.93)(.424') =1.24 acres <br />1.24 + 7.62 = =16.3~o <br />(16.3%)($500 perLot***) = $81.36 <br />Phase One <br />(81.36)(51,)-- <br />Phase Two <br /> <br />(81.36)(43)-- <br /> <br />Total <br /> <br />$11,154.00 <br /> <br />$4,1,49.36 <br /> <br /> $3,498.48 <br />Percentage d~velopment that is rezoned accordingly. <br /> <br />This is the c .u~'rent estimated market value of commercial property with City Services. This <br />figure w _ogld be adjusted when the actual final platting of the property is completed to reflect <br />the cunVnt value. <br /> <br />The current dedication per lot would be used at the time of final plat approval of the additional <br />phases of Riv~nwick Addition. <br /> <br /> Requirements for Rivenwick Addition <br /> <br />Land <br />Cash <br /> <br />4.69 acres <br /> <br />$18,801.84 <br /> <br />Total Lots <br /> <br />94 <br /> <br /> <br />