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

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f 36 106 $455 per lot for a subdivision to be located in the service area of a district park as shown on the map in Appendix E. OR The payment in lieu of dedication shall be equal to $271 for each lot Where a combination of land dedication and payments in lieu are approvec4 the subdivider shall be given a credit equivalent to $10,000 per acre of land dedicated for recreation purpose& The credit amount shall be determined by multiplying the number of acres to be dedicated by $10,000 per acret If the total payment in lieu as determined above is larger than the credit amount, the subdivider shall pay the difference between the two amounts If the credit amount is larger than the total payment in lieu as determined above, no additional payment in lieu is required However, the subdivider may not transfer the excess credit from one subdivision to another. Upon approval by the Board of Commissioners, payment in lieu of dedication shall be made at the time of final subdivision plan approval or within one (1)year of approval of the preliminary subdivision plan, whichever occurs first. All moneys received by Orange County pursuant to these requirements shall be used only for the acquisition and development of recreation,park, curd open space sites to serve the residents of the development and the residents of the immediate neighborhood within which the development is located The Board of Commissioners shall also have the authority to sell land dedicated pursuant to these provisions with the proceeds of any such sale used solely for the acquisition of other recreation, park or open space sites within the immediate neighborhood within which the development is located. An Alternative Approach- A Recreation Impact Fee As a long-term solution, another mechanism which should be considered to implement a system of parks is an "impact fee" approach. In 1987, the General Assembly approved a local act (House Bill 917, Chapter 460) which permits Orange County to... 'provide by ordinance for a system of impact fees to be paid by developers to help defray the costs to the County of constructing certain capital improvements, the need for which is created in substantial part by the new development that takes place in the County. " For the purposes of the local act, the term "capital improvements" included... "the acquisition of land for open space and greemvays. capital improvements to public streets, schools, bridges, sidewalks, bikeways, on and off-street surface water drainage ditches, pipes, culverts, other drainage facilities, water and sewer facilities, and public recreation facilities." The use of the impacts fee approach evolved partially from dedication/payment-in-lieu provisions in use around the country. For this reason, there are similarities between the two approaches, including the following: