PARK DEDICATION. The Developer shall pay a cash contribution of $464,000 in satisfaction of the City’s park dedication requirements. The charge was calculated in accordance with Section 528 of the City’s subdivision regulations. The cash fee shall be payable prior to the City’s release of the signed final plat mylars.
PARK DEDICATION. The Rush Hollow Project is located north of Highway 81, along Territorial Road bordered by Maple Grove Parkway and lies within the City's Park Service Area 4. A neighborhood park is planned for this park service area. Pedestrian access to the planned regional trail system and neighborhood park are essential in connecting new residents to the many nearby park amenities. Pursuant to State Statute and City Code, the subdivision and development of the Property requires park dedication. Here, the park dedication shall be a combination of land dedication and cash equivalent. There is a need for approximately 3,309 lineal feet of City trail within the Rush Hollow Project that will connect to the planned regional trail system through the creek corridor extending from Elm Creek Park Reserve to the City of Dayton. The regional trail system throughout the creek corridor will have multiple creek crossings connecting to adjacent neighborhoods via City trails and eventually the neighborhood park to the west. The Residential Project Plans show 1,862 lineal feet of trails built within existing utility easements and 1,447 lineal feet of trails in the new proposed outlots. The Residential Project Plans identify outlots which include the Maple Grove park trail corridor, the regional trail corridor, and required storm drainage. The creek corridor in the Rush Hollow Project will serve as the future regional trail corridor for Three Rivers Park District (hereinafter referred to as the "TRPD"). The land making up Outlot R will be donated by the Developer to the City via limited warranty deed prior to release of the Final Plat and ultimately conveyed by the City to the TRPD as part of a land exchange agreement between the City and TRPD. Credit for the land dedication related to the City trails, is accounted for in the cash equivalent dedication calculation. The City's Territorial Road Master Plan identifies a neighborhood park to the west of the Rush Hollow Project utilizing, in part, land currently owned by TRPD. The Developer is responsible for the engineering and grading of the City trail corridor on the Property to meet City standards. The City will not issue any Certificate of Occupancy for the Property until said trail corridor grading is completed to the reasonable satisfaction of the City Engineer. The City will fund and construct the trail, at its discretion, as a public improvement. The balance of the park dedication obligation would be paid in cash. The Rush Hollow Pro...
PARK DEDICATION. Pursuant to Statue Statute and City Code, the development of this Property requires a land dedication or a cash equivalent based on the rate approved by the City Council when the Final Plat is released for recording. The current park dedication rate for the City is $4,332.00 per residential multi-dwelling unit. Assuming the Final Plat is released prior to the City Council adjusting the park dedication rate, the park dedication amount to be paid for the Final Plat shall be $311,904.00 (72 residential multi-dwelling units times $4,332.00). If the Final Plat is not released prior to the City Council adjusting the park dedication rate, the above- referenced payment shall be adjusted based upon the formula approved by City for the year in which the Final Plat is actually released for filing. The park dedication fee, as set forth above, shall be paid prior to the Final Plat being released for filing at the Hennepin County Government Center.
PARK DEDICATION. 3.11.1 The Developer shall provide park dedication in the form of land and equivalent value pursuant to the requirements of the Regional Subdivision By-law.
PARK DEDICATION. The DEVELOPER shall pay a cash contribution of $ in satisfaction of the CITY’s park dedication requirements for Phase . The contribution shall be paid upon the execution of the Agreement. Park dedica- tion requirements for subsequent phases shall be calculated and paid based upon requirements in effect at the time Development Agreements are entered into for those phases.
PARK DEDICATION. The Property is located within City Park Service Area 18. Residents of the Property are served by Hidden Xxxxxxx Park and various trail connections. The 2018 Parks System Plan identifies a future Playlot in City Park Service Xxxx 00. Connections to local and regional trail networks are planned just to the west and a possible playlot to the east of the Property as residential development continues. A roadside walking path along Xxxxxxx Xxxx will connect residents to the future park to the north and County Road 30 to the south. Pursuant to State Statute and City Code, the Final Plat requires a land dedication or a cash equivalent based on the rate approved by the City Council when the Final Plat is released for recording. The current park dedication multi-dwelling affordable residential rate for the City is $3,177.00 per unit. Assuming the Final Plat is released prior to the City Council adjusting the park dedication rate, the park dedication amount to be paid for the Final Plat shall be $508,320.00 (160 multi-dwelling units x $3,177.00). If the Final Plat is not released prior to the City Council adjusting the park dedication rate, the above- referenced payment shall be adjusted based upon the formula approved by City for the year in which the Final Plat is actually released for filing. The park dedication fee, as set forth above, shall be paid prior to the Final Plat being released for filing at the Hennepin County Government Center.
PARK DEDICATION. Pursuant to Statue Statute and City Code, the Final Plat requires park dedication via a land dedication and/or a cash equivalent based on the rate approved by the City Council when the Final Plat is released for recording. The park dedication obligation shall be by a cash dedication based on the commercial rate, which is currently $11,000.00 per acre. Project Land consists of 40.01 acres of the 105.85-acre Property. The development of Project Land is a proposed 400,000 square foot facility with a combination of office space and research and development labs. Assuming the Final Plat is released prior to the City Council adjusting the park dedication rate, the park dedication amount to be paid for the Final Plat shall be $440,110.00 (40.01 acres times $11,000.00). If the Final Plat is not released prior to the City Council adjusting the park dedication rate, the above-referenced payment shall be adjusted based upon the formula approved by City for the year in which the Final Plat is released for filing. The park dedication fee, as set forth above, shall be paid prior to the Final Plat being released for filing at the Hennepin County Government Center. The park dedication for future phases of the Preliminary Plat will be reviewed when application is made on a future phase final plat.
PARK DEDICATION. The DEVELOPER shall comply with the park dedication requirements as defined in the City Code. Park dedication fees identified in Exhibit G must be paid prior to the release of the FINAL PLAT.
PARK DEDICATION. The Owner shall dedicate land described in Schedule “E” hereto for park purposes pursuant to Section 51.1(1) of The Planning Act, R.S.O. 1990 c.P. 13, as amended, and shall develop and maintain the park lands to be conveyed to the Township in accordance with Schedule “L” hereto. The Township may, in lieu of, or in addition to, such conveyance or part of such conveyance, require the payment of money by the owner of the land pursuant to Section 51.1(3) of The Planning Act.
PARK DEDICATION. Owners agree to dedicate or convey Tract A (includes open space areas A1, A2, A3 and A4), as shown in Exhibit 3 and constituting approximately 12.3 acres located in the northwest section of the site for use as a public park should the City or King County decide to accept such dedication or conveyance. Conveyance or dedication of such land would occur at the time of final plat approval for the cluster housing subdivision addressed in Section 11 of this Agreement. Any land to be dedicated or conveyed for public park purposes shall still be included in the calculation of tree retention, useable open space and pervious areas during review and approval of the cluster housing subdivision and in accordance with the Code.
