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Park Dedication Formula <br /> <br />For cash donation –apply required acreage to fair market <br />value established by appraisal study <br /> <br />0.0837 x $16,855 (low density) = $1,410.76/unit <br /> <br />0.0837 x $19,922 (medium density) = $1,667.47/unit <br /> <br />0.0837 x $115,018 (high density) = $9,627/unit <br /> <br />Adjust high density to HH size of 2.00 (national avg.) <br /> <br />0.06 x $115,018 (high density) = $6,901.08 <br /> <br />Use lowest average market value <br /> <br />0.06 x $103,313 = $6,198.78 <br />