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Cluster · asset_value · no year
Acreage equivalent for park dedication requirement (10% of total land area).
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2020-08-03 — 2020-08-03
Acreage equivalent for park dedication requirement (10% of total land area).
Section 10-3-8 requires that the park fees be established so as to require a total dedication value of approximately ten (10) percent of land area or equivalent cash. "Fair Market Value" shall be determined as of the time of filing the final plat in accordance with the following: ... 65.66 acres x 10% = 6.57 acres (the cash value, as determined above, would be the monetary park dedication amount plus the $500/lot for trail dedication)