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

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e 7 077 As noted previously, Orange County has collected 5130,527 from 1,713 lots since the adoption of the payment-in-lieu provisions in 1986 through FY 1994-95. Collection of these funds has come from the following types of subdivisions: Per Per Subdivision Number Lots Fees Paid Lot Subdivision Major 59 782 $57,702 $74 $978 Minor 427 931 $72,825 $78 $170 All 486 1,713 $130,527 $76 $268 This information indicates that the fees for major and minor subdivisions are very similar, with the larger average lot sizes in minor subdivisions accounting for the slightly higher fee. The information may also be used to provide some indication as to whether the price per acre being obtained through such fees is comparable with actual land sales data. As an example, the basic standard for land dedication is 1/35`h of an acre per lot. Given that the average fee collected per lot is $76 or the (appraised) value of 1/35`h of an acre, then the appraised value of one acre could be estimated at $2,660 (S76 x 35). By way of comparison, the average price per acre for a 25- acre tract is $3,515, and the average for a 75-acre tract is $2,862 per acre. The conclusion to be reached from this comparison is that the average payment-in-lieu is only equivalent to 76% of the value of a 25-acre tract and 93% of the value of a 75-acre tract. Determining Need Calculations of the amount of land to be dedicated and/or payments-in-lieu to be made begin with a determination of physical quantities of facilities that new development will require. The need for such facilities can be expressed in terms of demand units and service standards: Needed Improvements=Demand Unit x Service Standard Demand Units A "demand unit" is a unit associated with new development that generates the need for improvements in public facilities. For purposes of identifying parks and recreation capital needs, the demand unit most often used is the number of persons to use a park or participate in a recreational activity, commonly referred to as a"per capita" rate. While the number of persons is an important demand unit, equally important is another demand unit, the average number of persons per household or residential dwelling unit. The per capita rate is important in terms of projecting the number of acres of parkland needed to serve existing and future populations, but, from the standpoint of dedication/payment-in-lieu provisions, the per household rate is necessary to equate the number of acres needed or the cost of development to individual households. Per Capita. Shown on Table 2 are population projections for Orange County, by township. Two sets of projections are shown, with the first based on growth rates prior to the 1990 Census. Prepared in March, 1987, these projections provided the basis for projecting future park needs in the Master Recreation&Parks Plan.