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HomeMy WebLinkAboutReso 188-11 Positano Fallon Vlg Tr 8081 RESOLUTION NO. 188 - 11 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********* ACCEPTING PARK LAND DEDICATION IN-LIEU FEES AND CREDITS FOR PARK LAND DEDICATION REQUIREMENTS FOR TRACT 8081, NEIGHBORHOOD D-1, POSITANO I FALLON VILLAGE WHEREAS, pursuant to City of Dublin Municipal Code Chapter 9.28, each subdivider of land for residential uses shall, as a Condition of Approval of a Final Subdivision Map, dedicate or reserve lands, pay fees in lieu thereof, or a combination of both, for park and/or recreational purposes; and WHEREAS, the Developer, Dublin RE Investors, LLC, is filing Tract 8081 Final Map for developing 71 residential dwelling units constructed on 71 lots; and WHEREAS, the Park Land requirements for the project based on the requirements of the Municipal Code and the designated land use for Tract 8081 are 1) Dedication of 0.7952 acres of Community Park Land or payment of $722,070 in Community Park Land In-Lieu Fees, and 2) Dedication of 0.3408 acres Neighborhood Park Land or payment of $358,814 in Neighborhood Parkland In-Lieu Fees; and WHEREAS, Developer will satisfy the Community Parkland Dedication requirement through the payment of in-lieu Park Dedication Fees in the amount of $722,070 to fully satisfy the Community Park Land obligation for Tract 8081; and WHEREAS, Dublin RE Investors, LLC has deposited with the City of Dublin $722,070 which is the full amount required to satisfy the obligation for Community Park Land In-Lieu Fees for Tract 8081. WHEREAS, Developer will satisfy the Neighborhood Parkland Dedication requirement through the use of Neighborhood Park Land credits for 0.3408 acres of, which the Developer desires to have applied to fully satisfy the Neighborhood Park Land obligation for Tract 8081. NOW, THEREFORE, BE IT RESOLVED that the aforesaid the payment of $722,070 Community Parkland in lieu fees and the application of 0.3408 acres of Neighborhood Park Land credits are hereby accepted as performance of said subdivider's obligation under Subdivision Requirements in Chapter 9.28 of the Dublin Municipal Code. Page 1 of 2 PASSED, APPROVED AND ADOPTED this 15th day of November, 2011, by the following vote: AYES: Councilmembers Biddle, Hart, Hildenbrand, Swa Iwe II , and Mayor Sbranti NOES: None ABSENT: . None ABSTAIN: None ~~~ Mayor AT~[ ;?~ City Clerk Reso No. 188-11, Adopted 11-15-11, Item 4.2 Page 2 of 2