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HomeMy WebLinkAboutReso 126-12 Sorrento East Neighbrhd 8 - RESOLUTION NO. 126 — 12 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ACCEPTING PARK LAND DEDICATION CREDITS FOR PARK LAND DEDICATION REQUIREMENTS FOR TRACT 7654 (SORRENTO EAST-NEIGHBORHOOD 8 (NORTH): D.R. HORTON BAY, INC.) 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, D.R.Horton Bay, Inc., a Delaware Corporation, is filing Tract 7654 Final Map for developing 62 residential 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 7654 are 1) Dedication of 0.4340 acres of Community Park Land or payment of $394,072.00 in Community Park Land In-Lieu Fees„ and 2) Dedication of 0.1860 acres Neighborhood Park Land or payment of $210,490 in Neighborhood Parkland In-Lieu Fees; and WHEREAS, Developer has possession of credits for 0.4340 acres of Community Park Land credits, which the Developer desires to have applied to fully satisfy the Community Park Land obligation for Tract 7654; and WHEREAS, Developer has possession of credits for 0.1860 acres of Neighborhood Park Land credits, which the Developer desires to have applied to fully satisfy the Neighborhood Park Land obligation for Tract 7654. NOW, THEREFORE, BE IT RESOLVED that the aforesaid application of 0.4340 acres Community Parkland Credits and 0.1860 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. PASSED, APPROVED AND ADOPTED this 17th day of July, 2012, by the following vote: AYES: Councilmembers Biddle, Hart, Swalwell, and Mayor Sbranti NOES: None ABSENT: Councilmember Hildenbrand D, ABSTAIN: None 01"-- 16-1.' Mayor ATTES City Clerk Reso No. 126-12,Adopted 7-17-12, Item 4.5 Page 1 of 1