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RiverWalk Park Dedication (cont.) <br />■ Owner proposed dedicating — 12.2 acres of land to satisfy <br />dedication requirements. <br />■ Approximately 80% of dedication proposal in floodplain <br />■ Dedicated land should be buildable —2.3 acres <br />■ Proposal by owner to reduce dedication by half and dedicate <br />trail easement. <br />■ Reduced from $944,016 to $472,008 <br />■ Add tiered dedication schedule or a cap for multi -family <br />developments. <br />