HomeMy WebLinkAbout2000-09-19 NAC Memo Re Park Dedication A
'] \e', NORTHWEST ASSOCIATED CONSULTANTS , INC .
5775 Wayzata Boulevard, Suite 555, St. L.otuis Park, MN 55416
Telephone: 952.595.9636 Facsimile: 952.595.9837 nac@wi ntenet.com
MEMORANDUM
TO: Tom Melena
FROM: Scott Richards
DATE: September 19, 2000
RE: Oak Park Heights —Valley View Estates 4th Addition
FILE NO: 798.02 — 00.09
Jack Krongard has asked me to research the park dedication originally received as part
of the PUD for the Valley View development. The park dedication amount was
$30,720.00, based upon the numbers of units developed as part of the project. The
park dedication at that time (1994)was based upon the overall numbers of units created
as part of a development (see attached). The cash park dedication was not paid for the
area recently approved as Valley View Estates 4th Addition in that it was not part of the
subdivision and no units had been proposed to base a park dedication in cash. The
$30,720.00 park dedication was calculated as follows:
10 Single Family Homes $450.00 x 10 = $ 4,500.00
11 Two Family Dwelling Lots $800.00 x 11 = $ 8,800.00
52 Townhomes $250.00 x 52 = $13,000.00
One additional bedroom
per townhome $ 85.00 x 52 = $ 4,420.00
$30,720.00
Mr. Krongard will be required to pay park dedication for the Valley View Estates 4th
Addition. The new formula for cash dedication would require 14 percent of the fair
market value of the subject property. The fair market value must be established by a
current appraisal, not by the tax value of the land.
pc: Kris Danielson
Mark Vierling
Jack Krongard
the subdivision be held in escrow for future sale or
development. The moneys derived from the sale of
escrowed lots will be used to develop or to purchase
park land in the future.
Subd. I . In residential plats one acre of land shall be conveyed
to the City as an outlot by warranty deed for every
seventy five (75) people the platted land could house
based upon the following population calculations:
Single-Family detached dwelling
lots 3 .5 persons
Two-family dwelling lots 6 . 0 persons
Apartments , townhouses, condominiums
and other dwelling units 1 person per
bedroom
Subd. J. In lieu of a park land donation, the City may require
the following cash donations:
Single-family dwelling lots $ 450 . 00
Two-family dwelling lots $ 800 . 00
Apartments , townhouses, $ 250 .00 per unit plus
condominiums and other $ 85 . 00 per bedroom
dwelling units above the first
bedroom of each
unit
Commercial and industrial $1 ,750 . 00 per acre--pro-
rated
Subd. K. The City may elect to receive a combination of cash,
land and development of the land for park use. The
fair market value of the land the City wants and the
value of the development of the land shall be
calculated. That amount shall be subtracted from the
cash contribution required by subsection J above. The
remainder shall be cash contribution requirement.
Subd. L. "Fair market value" shall be determined as of the time
of filing the final plat in accordance with the
following:
1. The City and the developer may agree as to the
fair market value, or
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` ' NORTHWEST ASSOCIATED CC NSULTANTS
INC 5 7 7 5 W AY Z ATA BOULEVARD , SUITE 5 5 5
ST. LOUIS PARK , MINNESOTA 554 1 6
TRANSMITTAL PHONE ( 6 1 2 ) 595 - 9636
DATE : September 19, 2000 NUMBER
OF PAGES
TO : INCLUDING
Jack Krongard 651/430-3921 COVER :
Kris Danielson
Mark Vierling
3
FROM : Scott Richards
QUANTITY: MATERIAL/DESCRIPTION : DATED :
1 Memo 9/19/00
VIA: REMARKS :
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DELIVERY
PROJECT: Oak Park Heights -Valley View Estates 4th Addition
JOB NUMBER : 798.02 - 00.09