Loading...
Item 7A7A. Ordinance No. 483-M, 1st 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, to 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 20% Park Dedication Fee Reduction Meet with staff to review available projects Value based on market costs Incentive for developer to address existing needs Potential for economies of scale More immediate impact Administratively advantageous Ordinance No. 483-M 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)