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River Walk Project <br /> A conceptual 200-unit residential development on the former Saxon Motor site would require payment of <br /> a Park Dedication Fee. Previous direction from the Park and Recreation Commission and City Council <br /> called for a trail easement and cash dedication. The trail easement is not required to count as land <br /> dedication and it was not included as such during previous discussions. The cash dedication for this <br /> project would account for the 200 units and discount what has been satisfied as a commercial use. <br /> 200 units x $4,897.04— ($35,392.00 credit for commercial use) _ $944,016.00 <br /> Council may discuss accepting land to satisfy a portion of the dedication,but the Park and Recreation <br /> Commission recommendation did not include a desire for park land in the subject area,which is also <br /> consistent with the Parks Master Plan. State statute notes that only buildable land should qualify for <br /> dedication. Flood plain and steep slopes are not considered buildable land. <br /> The city attorney will review statute guidance for Park Dedication Fees and staff will review how the <br /> current fees were established. <br /> Financial Impact <br /> Adjustments to the Park Dedication Fee will impact the Park Improvement Fund. <br /> Attachments <br /> ■ City Council agenda item October 19, 2015 <br /> ■ City Council agenda item July 5, 2016 <br /> ■ Park and Recreation agenda and Minutes from November 14, 2018 <br /> ■ City Council agenda item and Minutes from February 19, 2019 <br /> N:APublic Bodies\Agenda Packets\12-16-2019\Final\9.2 sr Pork Dedication.docx <br />