HomeMy WebLinkAboutParkland and CIL Calculation MSP 01-31-20NEXUS POINT 2/8/2020
PARKLAND & CIL CALCULATIONS
Required Parkland Summary
Residential
Area SF Acres Units/acre
Required
Parkland Units
Acreage
/unit
Required
Area (AC)
Required
Area (SF)Cost /SF Cost per Area
North 149,218 3.43 12 41.11 0.03 1.23 53,718
East 109,355 2.51 12 30.13 0.03 0.90 39,368
West 219,187 5.03 12 60.38 0.03 1.81 78,907
Total 10.97 3.95
Proposed Parkland Area
55,123 1.27 Parkland Provided
Additional Parkland Improvements or CIL Required 2.68 116,871 $1.60 $186,992.96
Break Down of CIL by Area
Residential
Area SF Acres % of Total CIL per Area
North 149,218 3.43 31.2%$58,403.21
East 109,355 2.51 22.9%$42,801.02
West 219,187 5.03 45.9%$85,788.73
Total 10.97 100.0%$186,992.96