PARK DEDICATION. The Developer shall pay a cash contribution of $120,000 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. Pursuant to State 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 3rd Addition Final Plat is released for recording. Certain land was provided to the City from the Developer as park dedication for Phase 1 of the Preliminary Plat resulting in a reduction in the City’s current park dedication per unit amount from $4,156.00 to $1,455.00, a 65% reduction. Assuming the 3rd Addition Final Plat is released prior to the City Council adjusting the park dedication rate, the park dedication amount to be paid shall be $24,735.00 (17 units times $1,455.00). If the 3rd Addition 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 3rd Addition 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. Park dedication for future phases of the Preliminary Plat shall be determined at the time of future phase final plat application and will be based on the then current park dedication rate adopted by the City Council adjusted by the above-described land dedication adjustment.
PARK DEDICATION. The DEVELOPER shall comply with the park dedication requirements as defined in the City Code. Park dedication fees identified in Exhibit F must be paid prior to the release of the FINAL PLAT.
PARK DEDICATION. Pursuant to State Statute and City Code, the subdivision and development of this Property requires a park dedication. The park dedication shall be satisfied via a cash dedication. The current single-family residential rate is $4,177.00 per unit. The cash park dedication due as a result of the Final Plat is $33,146.00 (8 single-family units x $4,177.00). Current park dedication rates may be amended from time to time by the City Council. 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. 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. The Developer will pay at the time of final plat approval, the amount of $13,000.00 in satisfaction of the City's park dedication requirements calculated as follows: $6,500.00/ residential unit x 2 new units = $13,000.00
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 Fourth Addition Final Plat property 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. The park dedication obligation is based on the current single-family residential rate per unit. A portion of the park dedication obligation was satisfied with land dedication. Based on the land dedication, the current rate is $4,156.00 per unit, reduced to $3,782.00 per unit. Based on the formula approved by City, the park dedication amount to be paid for the Fourth Addition Final Plat is $45,384.00 (12 units times $3,782.00 per unit). In the event the City approves an amendment to the park dedication formula prior to release of the Fourth Addition Final Plat, the above-referenced payment shall be adjusted based upon the computation formula approved by City in effect when the Fourth Addition Final Plat is actually released for filing. The park dedication fee, as set forth above, shall be paid prior to the Fourth Addition Final Plat being released for filing at the Hennepin County Government Center.
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 through the Property is necessary to link residents with existing and future park amenities. 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 rate for the City is $3,389.00 per unit. The park dedication amount to be paid for the Final Plat shall be $840,472.00 (248 multi- dwelling units times $3,389.00). 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. Before the City signs the final plat, the Developer shall convey Outlot A to the City by warranty deed, free and clear of any and all encumbrances. Additionally, the Developer shall pay a cash contribution of $57,975 in satisfaction of the City’s park dedication requirement. 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.
