Agenda - 02-26-1996 - 5a - Laserfiche WebLink

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074 Application. Since the adoption of the provisions in 1986 through FY 1994-95, Orange County has collected $130,527 from 1,713 lots, or an average payment of$76 per lot. Collection of these funds has come from the following park service areas: Community Parks 519,219 14.73% Efland-Cheeks Community Park $ 2,030 1.56% Fairview Community Park S 781 0.60% Caldwell Community Park S2,642 2.02% White Cross Community Park $ 4,918 3.77% N Human Services Center Community Park $ 4,010 3.07% University Station Community Park S 4,838 3.71% District Parks $111,308 85.27% Cane Creek District Park $10,397 7.97% Chapel Hill District Park 538,501 29.50% Cedar Grove-Little River District Park $28,782 22.05% Cheeks-Corporation Lake District Park $33,628 25.75% The park service areas referred to above are shown on the accompanying map and represent the "immediate neighborhood' that each park is to serve. As defined in Section H, Definitions, of the Subdivision Regulations, the immediate neighborhood is a subdivision or area of the county which distinguishes it from other subdivisions or areas by virtue of its location within the service area of a park site or sites as shown on the adopted Recreation Element of the Comprehensive Plan (e.g., Master Recreation & Parks Plan) or the Joint Planning Area Land Use Plan for Chapel Hill, Carrboro, and Orange County. The Recreation Element designates four (4) district park sites and six (6) community parks sites. The Joint Planning Area Land Use Plan designates a comprehensive system of parks and open spaces designed to serve the residents of the more urbanized towns of Chapel Hill and Carrboro. The significance of the"service areas" or"immediate neighborhoods" is that payments-in-lieu are earmarked to pay for land acquisition and/or facilities associated with the park(service area) from which the funds were collected. The Master Recreation &Parks Plan recommended a minimum size for community parks of 25 acres and 75 acres for district parks. Shown in Table 1 is a survey of land sales in calendar years 1994 and 1995. The average price per acre for 25-acre tracts varied from $2,862 per acre in the northern townships to $4,991 in the southern portion of the county, with an average of$3,515 per acre for the county as a whole. For 75-acre tracts, land sales data was limited to the northern portion of the county, where the average price per acre for such tracts was$2,092. However, since the price for 75-acre tracts was approximately $770 per acre less than for 25-acre tracts, the price per acre for the central and southern portions of the county could be estimated at $2,489 and $4,221, respectively, with an average of$2,862 for the county as a whole.