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HANDOUT #1 12-19-2005 c ( V\<A,",~ o~* y)\ \q \ oS- INFORMATION MEMORANDUM SUBJECT: Park Deditation for Bluff Block and Jackson Place The purpose of this memorandum is to inform Council regarding a recent discussion by Metro Plains concerning the actual amount of park dedication that is due for the Bluff Block and Jackson Place projects. It has been Metro Plains' contention that the applicable rates are the City's 2004 park dedication fees, not 2005. In examining the main narrative language of the Developer's Agreement it is clear that the SAC and WAC fees are both waived and calculated with 2004 rates, but it appears silent on the issue of park dedication fees. Staff has investigated this issue and has found a memo that discusses an agreement between staff and the developer that the 2004 rates will be used. In addition, the specific rates were . then used in Exhibit "D", "Sources and Uses Statement." Based on this and other general discussions with individuals involved in the original negotiations, staff has concluded that both the intent and the Agreement itself dictates that the developer needs to pay the 2004 rates. This issue was discussed and also agreed to by the Parks and Recreation Director. If the Council has any additional questions please contact myself regarding the same. cc: Lori Johnson, Interim City Administrator Bill Maertz, Parks & Recreation Director Cathy Mehelich, Director of Economic Development S:\Community Development.Scott Clark\2005 CC memos\park dedication.doc