HomeMy WebLinkAbout41_UF ParkCalculationTotal Lot Development Area 3,765,386.07 sf 86.44 acres
Less
Park Area 294,874 sf 6.77 acre
Open Space (exluding wetland)217,146 sf 4.98 acre
ROW 686,912 sf 15.77 acre
Non-Residential 149,907 sf 3.44 acre
Wetland 318,483 sf 7.31 acre
Less SubTotal =1,667,322.00 sf 38.28 acres
Total Net Residential Area =2,098,064.07 sf 48.16 acres
Total Dwelling Unit (DU)=1107
Net Residential Density (Total Resid. Units/Net Resid. Area)
Total DU/Total Net Residential Area=1107 /48.16 =22.98 DU/acre
Max Density allowed for calculations =12 max.
Park Unit for B2M Zoning =0.03 acre/DU
Res Acres Density Park Unit
Parkland at 12 DU per acre 48.16 x 12 x 0.03 =17.34 acres
Parkland at 8 DU MAX per acre 48.16 x 8 x 0.03 =11.56 acres
Provided Parkland 6.77 acres
8DU Req'd Provided
Option : Additional required Parkland 11.56 -6.77 =208,661.38 sf 4.79 acres
OR Optional Cash in Lieu (CIL)$2.60 x 208,661.38 =$542,519.58
REQUIRED Cash in Lieu (CIL) of Parkland 17.34 -11.56 =251,767.69 sf 5.78 acres
REQUIRED Cash in Lieu (CIL)$2.60 x 251,767.69 =$654,595.99
Total Potential Cash in Lieu (CIL)$1,197,115.57
Developer Proposes to utilize CIL funds to further enhance and improve the parks indicated in the development.
Urban Farm | Cash In Lieu Calculation
11.20.2023