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Memo to Park&Recreation Commission/P 02-05 <br /> May 8,2002 <br /> Page 2 <br /> iIf the Commission accepts Outlot A for park purposes, staff would recommend the <br /> remainder be taken in cash. The outlot is 4.46 acres in area; approximately 41% of the <br /> amount allowed to be accepted by statute. Staff would then recommend that the cash <br /> dedication equal 59%of the cash allowed(total cash dedication equals$440,440;59%equals <br /> $259,859.60.) <br /> Recommendation <br /> If the Commission finds that Outlot A is acceptable,staff recommends that the Commission <br /> recommend a split land and cash dedication for Twin Lakes Crossing. <br /> s <br /> • <br /> S:\PLANNING\Case Files\P 02-05 Twin Lakes Crossing\5-8 P&R.doc <br />