Item 6C 6C. Ordinance No. 483-M, 2nd Reading, amending Section 7.05B of Article VII of the Southlake Subdivision Ordinance; providing an incentive to developers seeking to improve existing
park facilities
Steve Polasek
Ordinance No. 483-M
Provide option for developer incentive to construct amenities
Subdivision Ordinance, Article 7
Park Dedication Fee Timeline:
August 23, 2007 (Developer Workshop)
September 10, 2007 (Parks Board)
September 18, 2007 (City Council)
Revised fee schedule
October 1, 2007 (Effective Date)
Ordinance No. 483-M
Developer Workshop:
Developer comments and concerns
City commitment to meet with members of the development community
Developer’s meetings held:
Oct. 4th
Oct. 18th
Nov. 15th
Dec. 6th
Ordinance No. 483-M
Discussion items included:
Proposal to seek credits for landscape buffer / streetscape / PUD open space
Council consideration to increase density levels
Reimbursements / credits for additional expenses beyond requirements
Incentives for development of amenities
Ordinance No. 483-M
Proposed Ordinance 483-M
Amend section 7.05B of Article VII of the Southlake Subdivision Ordinance
Developer option to improve existing facilities
Compatibility with Park Master Plan or Capital Improvement Plan
No project cap recommended
Review individually on own merits
Point of diminishing return
Ordinance No. 483-M
20% Park Dedication Fee Reduction
Meet with staff to review available projects
City established value
Incentive for developer to address existing needs
Potential for economies of scale
More immediate impact
Administratively advantageous
Developer Agreement (City approvals)
Anticipated Financial Impact
Annual PDF budget revenue estimate $80-$100K
$1,500 per/d.u. x 12 d.u. x 2 projects = $36,000 / $28,800 ($7,200)
Ordinance No. 483-M
Council approval on 1st Reading March 18, 2008
Proposed park dedication fee and ordinance change discussed at Council work session on February 11, 2008
Parks Board recommended approval (8-0) at their March 10, 2008 meeting
Attorney review of proposed ordinance
Questions?
Steve Polasek (748-8018)