ARTICLE 5 – PARKLAND

1. Definitions. For the purposes of this article, certain terms and words are hereby defined.

A. Parkland. Any dedicated public open space specifically designed for active recreational uses, including linkages to any trail system, intended to serve the immediate surrounding neighborhood or the general public.

B. Parkland acquisition cost. Average sale price for one (1) acre of vacant, developable land within the City of El Dorado and the city's three (3) mile extraterritorial jurisdiction. For purposes of this article, said price shall be set at five thousand dollars ($5,000.00) per acre.

C. Parkland improvement cost. Average cost to improve a neighborhood level park with typical amenities for recreational uses. For purposes of this article, said cost shall be set at twenty thousand dollars ($20,000.00) per acre.

D. Parkland development fee. The combination of parkland acquisition cost and the parkland improvement cost per dwelling unit. For the purposes of this article, the parkland development fee shall consist of a ratio of twenty percent (20%) parkland acquisition fee, and eighty percent (80%) parkland improvement fee.

E. Dwelling unit. Each portion of a dwelling structure designed and constructed to accommodate a single-family occupancy, whether in a single-family, two-family or multi-family dwelling structure.

2. Purpose. The purpose of this section is to serve the communities' population growth with neighborhood parkland based on the designated parkland standards referenced with the City of El Dorado Park Master Plan and the City of El Dorado Comprehensive Plan.

3. Parkland development fee. In all instances where property owners or developers seek a building permit for residential construction (excluding additions, remodeling or rebuilding,) a parkland development fee shall be required. All fees shall be collected by the appropriate city department concurrent with the application for a building permit. The fee shall be assessed according to the following schedule:

Single-family and two (2) family dwelling units, per unit: $300.00

Three (3) to eight (8) family dwelling unit developments, per unit: $270.00

Nine (9) family dwelling unit development and above, per unit $240.00

All fees shall be deposited in the city's parkland acquisition and development fund. Fees collected shall be used for the acquisition of new parkland and/or improvement of new or existing parkland within the city.