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7 <br /> PARKLAND DEDICATION <br /> The Recreation and Parks Master Plan calls for a community park in the vicinity of the project area. The <br /> Recreation and Parks Advisory Council (RPAC) indicated general support for the potential dedication of <br /> parkland in the area provided that it contain at least 25 " high and dry" acres. <br /> Dedication of a 30-acre park site on the north side of NC 10 at New Hope Church Road was included in <br /> the consolidated Concept Plan approved by the Planning Board on May 20, 1996. The proposed park <br /> site is bounded on the north by the Southern Railroad and on the south by NC 10. The depth of the lot <br /> ranges from 200 to 800 feet. The Southern Railroad track is located about 100 feet from the boundary <br /> of the site, within a 200-foot right-of-way. A subdivision road which provides access to eight lots <br /> between the railroad and Stoney Creek forms the eastern boundary of the park site, and could be used for <br /> access. To the east of the subdivision road is floodplain and wetland area associated with Stoney Creek. <br /> The attached letter from the Recreation and Parks Director indicates that the site could be developed <br /> with all amenities suggested for the University Station Area Community Park in the Master Recreation <br /> and Parks Plan. <br /> Dedication of the park site more than satisfies all dedication or payment-in-lieu requirements for the <br /> entire area included in the Concept Plan, as indicated in the tables below <br /> MINIMUM PARKLAND DEDICATION REQUIRED FOR UNIVERSITY MANOR <br /> Minimum Dedication <br /> Land Type Acres Percent of area No. lots Required <br /> (based on <br /> % area) per lot No. <br /> acres <br /> Floodplain, and 96 16.2 46 1/20 ac 2.3 <br /> Slopes> 15% <br /> Other 499 83.8 235 1/57 ac 4.1 <br /> TOTAL 595 1000/0 281 6.4 <br /> MINIMUM PAYMENT-IN-LIEU OF DEDICATION <br /> No. Lots Payment per Lot Total Payment <br /> 281 $422 $118, 582 <br /> COMBINATION DEDICATION/PAYMENT <br /> 6.4 acres X $10,000 credit per acre= $64,000 <br /> Credit for dedication of minimum required area is less than payment-in-lieu requirement. and <br /> payment of the difference ($54,582) would be required. <br /> 30 acres X$10,000 credit per acre=$300,000 <br /> Credit for dedication of 30-acre site exceeds the payment-in-lieu requirement and no additional <br /> payment is required. <br />