HomeMy WebLinkAbout042.1 SRX-II PARKLAND-CIL CalculationsParkland Requirements for Site Plan Review
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Parkland Requirements
Sage Peak and Alder Ridge Apartments,
Graf St. Apartments, LLC
Date: 04.16.2025
Requesting an adjustment to the ratio of Parkland per Sec. 38.420.060 and Resolution
4784 as part of the SRX II Subdivision (plat). These fees are due at final plat for the
subdivision.
REQUIREMENTS PER 38.420.020A:
- LOT AREA: 9.19 ACRES
- OUTDOOR OPEN SPACE: 53,743 SF (1.23 ACRES)
- NET PROJECT AREA (PER SRX-II): 7.11
- REQUIRED DEDICATION PER DWELLING =0.03 ACRES UP TO A DENSITY OF 8 DWELLING UNITS
- MAXIMUM REQUIRED DEDICATION PER ACRE = 12 DWELLINGS
- CURRENT APPRAISAL VALUE = $2.65 PSF
PARKLAND AREA OF LAND OWED CALCULATIONS:
7.11 ac X 8 ac/du = 56.88 UNITS
TOTAL UNITS THAT REQUIRE PARKLAND
= 56.88 DWELLING UNITS
ACRES OF PARKLAND :
= 56.88 du X 0.03 = 1.7064 ACRES OF LAND
CASH-IN-LIEU
CASH - OR IMPROVEMENTS IN LIEU OF OWED FOR REMAINING 4 DU/AC
7.11ac X 4 du/ac X 0.03 ac/du= 0.8532 ACRES
CASH OWED = 0.8532 ac X 43,560 sf/ac x $2.65 psf = $98,488.29
CASH-IN-LIEU ADJUSTMENT
PARKLAND AREA = 1.7064 ACRES (NOTED ABOVE)
1.7064 AC X 43,560 X $2.65 = $196,976.58
TOTAL CIL ADJUSTMENT = $98,488.29 + $196,976.58 = $295,464.87
*FEE DUE AT SRX II SUBDIVISION FINAL PLAT.
CASH-IN-LIEU JUSTIFICATION:
COMMISSION RESOLUTION NO. 4784, SECTION 3 NOTES "FAVORABLE CIRCUMSTANCES FOR
ACCEPTANCE OF
CASH-IN-LIEU. OUT OF THE FOLLOWING CIRCUMSTANCES ALIGN WITH THIS PROJECT:
THE TRAVEL DISTANCE TO AN EXISTING PARK IS WITHIN 0.50 MILES
THE ACCEPTANCE OF CASH -IN-LIEU ENABLES ACCOMPLISHMENT OF OTHER CITY PRIORITIES
IT IS THE EXPRESSED PREFERENCE OF THE DEVELOPER