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Preliminary Planned Residential Development Planning Commission Report; 5-21-19 Page 39 CHARGES, FEES, & RESPONSIBILITIES: Park Dedication:  Chapter 26, Article 4 of the City Code outlines requirements for park dedication at the time of subdivision/new development.  Per the ordinance, it shall be presumed that a reasonable amount of land has been dedicated for parks and playgrounds if the developer dedicates at least ten percent of the total land in the proposed subdivision. The City is allowed to determine whether a cash payment in lieu of land dedication is appropriate, and to make a further determination on the reasonableness of the dedication (whether more or less land is needed based on the proposed development).  Land proposed for park dedication must be useable in order to fulfill park dedication requirements.  For this development, the applicants are proposing the following:  Pulte: land will be dedicated for a public park in the SE corner of 8th Avenue NW and 7th Street NW. The amount of land to be dedicated is 0.53 acres which would be 11.7% of Pulte’s overall land area. This would exceed the 10% land dedication threshold for the townhome portion of the development.  Dominium: Dominium is proposing to pay for and construct a tot lot within the land area being dedicated by Pulte at an estimated cost of $100,000. The final cost of the improvements would be deducted from the overall cash-in-lieu of land requirement called for by the City’s fee schedule.  204 senior rentals x $1,825 = $372,300  154 workforce rentals x $1,825 = $286,525 Total required cash-in-lieu payment = $658,825  Less amount paid for park improvements ≈ $100,000  Anticipated park dedication fee ≈ $558,825  Prior to the dedication of the required property, the subdivider shall provide the City with an acceptable title opinion or title insurance policy addressed to the City that insures the title and the City's proposed interest in the property.  The subdivider must transfer good and marketable title to the City, free and clear of any mortgages, liens, encumbrances or assessments, except easements or minor imperfections of title acceptable to the City.  If the land is not formally dedicated to the City with the final plat, the subdivider shall record all deeds for conveyance of the property to the City at the same time as the final plat or other appropriate division documents are filed.