HomeMy WebLinkAbout22_ Parkland CalculationPreliminary Plat Urban + Farm Phase I Park Area Calculation
May 18, 2022
Lot Development Area- Gross 8.73 acres 380,019 sf
Less Park & Open Space 1.53 acres 66,452 sf
Less ROW 2.99 acres 130,244 sf
Less Wetlands 0
Net Residential Area 4.21 acres 183,561 sf
Total Lots 31 lots
9 lots = fourplex
1 lot = sevenplex
64 dwelling units
Net Residential Density 64/4.21= 15.20 DU per acre
Required Park units/acre 12 max for R5 zoning
Max density for acreage 8 DU per acre MAX
Park Unit 0.03 acre/DU
Proposed City dedicated Park 0.59 acres 25,700.4 sf
Required Parkland at 12 DU per acre: 4.21 x 12 x .03 = 1.52 acres (66,211 sf)
Required Parkland at 8 DU MAX per acre: 4.21 x 8 x .03 = 1.01 acres (43,995.6 sf) MAX acreage
Required CILP at 4 DU per acre: 4.21 x 4 DU/acre x .03 = .51 acres (22,215.6 sf) x 2.07= $45,986
Obligation - dedication: 66,211 – 25,700.4 = 40,510.6 sf (.93 acres)
Required Cash in Lieu of Parkland ($2.07/sf): $2.07 x 40,510.6 = $83,856.94