HomeMy WebLinkAboutC.054.93010_08953. Fees to l_icu of Ope+t Space Dedication
T_he de��elunne, ntaypay a fee to the County in lieu of such dedication;_ The foilowinyformula
shall be used in determining the fee.
(assessed value of onsite property) x (yearly adjusted inflation rate) x (h vears since
last revaluation) + 1
= Payment in lieu of Open Space Dedication Fee
Assessed value of on -sire aroaerty eauak the value o the required amount o land —to
dedicated as a percentage of the assessed valuation of the site prior tosubdivision /i e
it the total acreage is 100 and the total assessed value euals $500 000 and the reauired
open space dedication is_I acres then the assessed valve of the ai,en-ace wnpld be
IS%o $50000( or$�5Q00J.
• e rl dusted in tion rate is based upon prevailin u lotion rates us reported
annually in the Wail Street Journal or other reliable financial re medimn Ci.e.
• Number of rears since last revaluation is the tocol number or vears since the last
revaluation was conducted by the taring authority.
Example:
Assessed Valuation: $75,000(75,000)
Inflation Rate: 3% x (03 x 6) + I
Years since last Revaluation:6 8$ 8.500
(a) Anv disagreements in the amount of required payment shall be resolved by ponductin¢ a
professional appraisal of the fair market value of the property at the subdivider's
expense.
(b) The professional appraiser shall be mutually agreed upon by the County, or appointed
by the County should an agreement not be reached.
(c) All payments made in lieu of the dedication of pen space shall be made at the time 01-
submission for final subdivision approval.
(d) Failure to submit the required fee alone with such applications will delay approval of
such submissions until payment is rendered.
(e) All funds received for payment in lieu of dedication of pen space shall be used for the
acquisition development and redevelopment of public open space within the County in
correlation with NCGS 153A-331.
(f) In the event that the County has a Recreation Plan Greenway Plan Open Space Pian or
similar document in place projects designated and/or prioritized in said plan shall bg
iven consideration in the utilization of the funds brought in by this program.
Prioritization shall be given to projects which show the highest public benefit.
PROPOSED AMENDMENT TO THE IREDELL COUNTY SUBDIVISION
ORDINANCE (SECTION 6.18), ROADWAY PROTECTION OVERLAY TWO
(RP02): Smith said the county currently had an overlay in the ordinance; however, after
hearing public comments during the Brawley School Peninsula Small Area Plan meeting,
it was decided to create another RPO. He said the RP02 proposal would add to the
existing sign standards, require more landscaping, and add parking location standards.
Smith said street trees were also added to the landscaping requirements. (The proposal
for street trees would be for new and existing RPO sections.)
Commissioner Bowles asked if the proposal would be in the ordinance as a
requirement or a recommendation.
Smith said the RP02, itself, would be a requirement, but the architectural
stipulations would be included as a recommendation.
Bowles asked about the bushes and trees.
Smith said these would be a requirement. He said building design -- stucco vs.
brick, etc., would be a recommendation.