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R87 OFFICIAL CITY RESOLUTION NO. 87 SECRETARY'S COPY A RESOLUTION ESTABLISHING THE DWELLING UNIT FEE TO BE USED IN CALCULATING THE AMOUNT OF CASH PAYMENT IN LIEU OF PARK DEDICATION IN THE AREA OF THE SHADY CREEK EAST SUBDIVISION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Ordinance 153 in the City of Kennedale provides that no final subdivision plat for any property zoned for residential use in the City of Kennedale shall be approved unless such plat shall include a dedication of land, or a cash payment in lieu of land dedication, to the City of Kennedale for neighborhood park purposes; and WHEREAS, Section 2(f) of Ordinance 153 provides that the City Council shall establish a payment of cash in lieu of a dedication requirement computed on the basis of a certain dollar amount per dwelling unit, which dollar amount shall be based on the approximate cost of acquiring one raw acre of vacant land in a developing area of the community derived from a reasonable study and investigation of the best available information as to the land values within the community; and WHEREAS, Section 2(f) of Ordinance 153 further allows the City Council, at its sole discretion, to establish different fees for different areas of the City; and WHEREAS, an appraisal performed by Mr. Paul Ondo, S.R.A., on October 30, 1998, indicates that the land value in the area of the Shady Creek East subdivision is $17,500 per acre of vacant land; and WHEREAS, the fee per dwelling unit in the area of the Shady Creek East subdivision shall be $175.00 per lot. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS: I. Based on a reasonable study and investigation of the best available information regarding land values in and near the Shady Creek East subdivision, it is hereby found that H:\ LIBRARY\ Kennedale \RESOLUTI \ShadyCrkPkDed.wpd the land value of vacant land in the area of the Shady Creek East subdivision is $17,500 per acre. II. In accordance with Ordinance 153, which states that the fee per dwelling unit shall be calculated by dividing the amount per acre of vacant land by 100 residential units, it is further hereby declared that the fee per dwelling unit in the area of the Shady Creek East subdivision is $175.00 ($17,500 = 100 = $175.00). III. It is hereby found and determined that the meeting at which this Resolution was passed was open to the public and that public notice of the time, place, and purpose of said meeting was given, all as required by law. IV. This Resolution shall be effective upon passage. PASSED and APPROVED this 11th day of March, 1999. - -/ ,1.t A7,4 Mayor, City of Kennedate ATTEST: - City Secretary APPROVED AS TO FORM AND LEGALITY: AJk City Attorney H:\ LIBRARY\ Kennedale \RESOLUTI \ShadyCrkPkDed.wpd 2