HomeMy WebLinkAbout2009-08-19 NAC Memorandum to OPH RE Park Dedication CalculationsMEMORANDUM
NORTHWEST ASSOCIATED CONSULTANTS, INC.
4800 Olson Memorial Highway, Suite 202, Golden Valley, MN 55422
Telephone: 763.231 .2555 Fa sirs de: 763.23 .2561 planners =nacplanning com
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TO: Eric Johnson ..r 44001
FROM: Scott Richards
DATE: August 19, 2009
RE: Oak Park Heights Oakgreen Commons and Carriage House
Cooperative Park Dedication
FILE NO: 798.02 09.02
As per your request, have calculated the park dedication requirements for the five
remaining properties on Oakgreen Avenue that were previously not subject to
dedication. With a total acreage of 17.94 acres and 223 dwelling units, the resulting
density is 1204 units per acre. Section 402.08. j of the Subdivision Ordinance indicates
that density over 10 dwelling units per acre results in a dedication amount of 24 percent
of the land area or a cash dedication equal to the fair market value of the property.
The properties were appraised by Forsythe Appraisals in September of 2008. The
appraised values are as follows:
5710 k r en Avenue $207,000EOO
5 770 S)akgreen Avenue $229 000.00
5754 Oakgreen Avenue $135 000.00
5800 Oakgreen Avenue $215,000EOO
5830 Oakgreen Avenue $220,000EOO
TOTAL $1006,000E00
$1,006,000.00 X 24% $241,44®.00
The resulting park dedication fee would be as follows