8.4.A. PRSR 12 08 2004 - Laserfiche WebLink

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Item # 8.4.A. rover MEMORANDUM TO: Bill Maertz, Director of~Parks and Recreation FROM: Michele McPhersaer,'Director of Planning DATE: December 8, 2004 SUBJECT: Park Dedication Revenues 2005 - 201 I As requested, I updated the Revenue Generation "Table fox the Park Dedication Capital Improvements Budget. Attached is the updated spreadsheet through 2011. The following items should be noted: 1. Residential per unit rates increase with a maximum of $5,500 in 2011. The average rate of increase annually is $600 based on the 2004-2005 increase. 2. The commercial per acre rate increases $1,500 per year to a maximum of $13,000 per acre in 2011. No change was made to the per acre rate for industrial properties. I then reviewed the City's base map and identified large developable parcels inside and outside of the Urban Service District It should be noted that north of County Road 33, the minimum lot size will change from 10 acres to 2 '/z acres in three phases; 2005 (July), 2008, and 2010. In all likelihood, property owners with large developable tracks ox those under contract will not develop until those dates. It should also be noted that outside of the Urban Service District, there is approximately 720 acres east of and parallel to Highway 169 that have a land use designation of Commercial Reserve. My assumption is that this will be developed in a commercial manner but will not begin unti12010 at the earliest Only 100 acres from this area was included in the spreadsheet 50 acres each in 2010 and 2011. Park dedication was also not calculated fox the gravel-mining portion of the City bounded by Highway 169 on the east, the railroad grade on the west, Top of the World and Brentwood on the south, and the south portion of the landfill on the north. There are three reasons park dedication rates were not calculated fox this area: 1) a poxdon of the dedication has previously been given in order to obtain parkland and additional may be given under the current negotiations with TIller Coxporafion, 2) a Focus Arca Study to identify specific future land uses in this area needs to be completed, and 3) it is unknown as to the rate at which the resource will be mined. At this time, staff believes a 50-year supply of gravel exists, however, the rate of production has increased ui recent years and this time frame may be shortened in the future.