Agenda - 11-04-1996 - 9b - Laserfiche WebLink

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5 bicycle access on the main collector(Beverstone Drive)through Phases II and III. This recommendation has been incorporated in the attached Resolution of Approval, as a requirement that such access be incorporated into the design of Beverstone Drive. A copy of the study was also sent to NCDOT,but no comments were received. Parkland Dedication On July 11, 1995, the Recreation and Parks Advisory Council (RPAC)received an informational report from the Planning Staff concerning seven individual Concept Plans which had been approved in the vicinity of NC 10,New Hope Church Road and University Station Road. The Recreation and Parks Master Plan calls for a district park in the vicinity of the project area. RPAC indicated general support for the potential dedication of parkland in the area provided that it contain at least 25 "high and dry" acres. Dedication of a 30-acre park site on the north side of NC 10 at New Hope Church Road was included in the consolidated Concept Plan. Dedication of the park site more than satisfies all dedication or payment-in-lieu requirements for the entire area included in the Concept Plan, as indicated in the tables below 1TNILI1Vi PARKLAND►DTDICATIQN REQUIRED Minimum Land Type Acres Percent of area No. lots Dedication (based on Required % area) per lot No. acres Floodplain, and 96 16.2 46 1/20 ac 2.3 Slopes> 15% Other 499 83.8 235 1/57 ac 4.1 TOTAL 595. 6.4 MIll�r'lI PA'YPMIENT-IN L1EU(IT DEDICATION No.Lots Payment per Lot Total Payment 281 $422 $118, 582 COMBINATION3EDICATIONfPAYMENT 6.4 acres X$10,000 credit per acre= $64,000 credit for dedication of minimum required area is less than payment-in-lieu requirement. and payment of the difference ($54,582) would be required. 30 acres X$10,000 credit per acre=$300,000 credit for dedication of 30-acre site exceeds the payment-in-lieu requirement and no additional payment is required.