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The following is an entirety difCerent <br />determining PARK FEE for property wi%hin <br />RA~SEY. ]% is based on %he diverse <br /> <br />urban/tufa! type city such as <br /> I <br /> <br /> ¢ormula <br /> <br />the city of <br />needs ob an <br />the research <br /> <br />of cities and their Par-k formulas, there' was ¢ound no <br />simple method that would satisf'y the present and future <br />needs c~ this city. ~tress the ~uture needs, as the a~ost <br />Important criteria ~as to be equi~ab~e ~ithout needing <br />to make changes In the forsee, abte future, e~cep~ ~o the <br />base ¢Igure es this method ts applied. No changes ~outd. <br />be necessacg ~o ho~ or ~ho it ~ou.td be applied to, <br /> <br />This new method wtl[ also remove the burden of the park <br />Cee from the developer of the property, and put it on <br />the end user. The, end user is the par%g: who create the <br />need for par~ and their development and maintenance. <br />It is assumed that ~ because the developer is saving <br /> <br />~nqneg, <br /> <br />donating developeabte tand~ UP FRONT~, -that <br />~ower the. Cost o~ the land to the end user. <br />method should be equitable to att sectors <br />residential and business comeuni, ty. <br /> <br />in the Corm of not paging a large fee~ or <br /> <br />not <br />this will <br />This new <br />of Ra~seys <br /> <br />Here it is'~ <br /> <br />The formula for determining Park Dedication is as <br />fottows~ A fee amounting to %wo and one-half tenths of <br />one'percent o¢ each building permit~ based on the value <br />of the but[ding as determined bg the Building officiat~ <br />and as stated on the building permit. This FEE will be <br />computed bg the finance departmen%~ ~ho wit! make the <br /> <br /> <br />