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HomeMy WebLinkAboutCash-in-lieu of Parkland dedication for Bronzeleaf Condos SPCommission Memorandum Report compiled on June 9, 2008 REPORT TO: Honorable Mayor and City Commission FROM: Keri Thorpe, Assistant Planner SUBJECT: Cash-in-lieu of Parkland dedication for Bronzeleaf Condos SP, #Z-05211 Consent Item MEETING DATE: Monday, July 21, 2008 RECOMMENDATION: The City Commission accepts the cash-in-lieu of parkland dedication request for Bronze Leaf Condominiums. BACKGROUND: The Bronze Leaf Condominium Site Plan application with related site improvements on 5.61 acres was approved as a 96-unit condominium development on May 26, 2006. The development is located at the southeast corner of Durston and Cottonwood Roads and is legally known as Tract 1, C.O.S. 985, NW ¼ Section 10, T2S, R5E City of Bozeman, Gallatin County, Montana. The applicant recently requested a modification to the approved final site plan reducing the number of dwelling units to 92. During the review for the modification, staff noticed the Commission had yet to be informed of the applicant’s request to provide cash-in-lieu of parkland. Pursuant to UDO Section 18.50 (Park & Recreation Requirements), parkland dedication, or cash-in-lieu of, is required for all residential development. The applicant has requested to provide cash-in-lieu of parkland for the 2.76 acres of parkland that would be required for this development. Using the appraisal the applicant submitted with this request, this cash-in-lieu contribution amounts to $262,032. Given the site’s close proximity to Broken Park and the park in Valley West Subdivision, the applicant chose to request cash-in-lieu of parkland dedication. On June 13th, 2008, staff presented the cash-in-lieu of parkland dedication proposal to the R&PAB Subdivision Review Committee. UNRESOLVED ISSUES: The Department of Planning is not aware of any unresolved issues for the proposed development at this time. FISCAL EFFECTS: A substantial addition to the parkland cash-in-lieu fund. ALTERNATIVES: Alternatives as suggested by the City Commission. CONTACT: Please feel free to email Keri Thorpe at kthorpe@bozeman.net if you have any questions. APPROVED BY: Andrew Epple, Planning Director Chris Kukulski, City Manager