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We then calculated the park and trail fee based on the Final Plat Documents (approved in December 2003), including the <br /> following tabulation: <br /> <br /> Residential Parks <br /> 174.4 acres of residential x 19.55% parks multiplier = 34.1 acres of park required <br /> 10.49 acres of park provided by plat divided by 34.1 acres of'park required = 31% park acreage provided <br /> 31% park acreage provided = 69% park acreage still needed <br /> <br /> Residential Parks Value <br /> $ 4,320,000 residential park fee x 69% park acreage still owed = $ 2,980,800 <br /> <br /> Residential Trails Value <br /> Assume $ 1,140,000 for now (see proposal section) <br /> <br /> Commercial Parks <br /> 102 acres of commercial x 5% parks multiplier = 5.1 acres of park required . ~ <br />a3.41 acres of park provided by plat divided by 5.I acres of park required = 66.7% park acreage provided ~ <br /> 66.7% park acreage provided = 33.3% park acreage still owed <br /> <br /> Commercial Parks Value <br /> $ 2,000,000 commercial park fee x 33.3% park acreage still owed = $ 666,000 <br /> <br /> Commercial Trails Value <br /> Assume $ 102,000 for now (see proposal section) <br /> <br /> Total still owed based on the Final Plat Documents $ 4,888,800 <br /> <br />This is <br /> <br />what was platted <br /> <br />Parks, Trails, Open Space Pr0p0sol 1 9 <br />Ramsey Town Center LLC <br /> <br /> <br />