HomeMy WebLinkAboutcoa.lu.su.Erdman.1975 50
~MORANDUM
DATE: September 26, 1975
TO: l~ill Kane
Don Erdman
FROM: ~ick Mahoney ~gw
In a meeting this morning with Brian Goodheim, n%yself
and Don Erdman we discussed park dedication requirements as per
Council's decision of September 22nd.
We are in agreement that the market value of the
ne-hal~, Bloc~ 2, City of Aspen, commonly called the
Subdivlsion, is $5.50 a square foot. Mr. Er~ provided
a square footage of 27,211. We used four single familles
as a nu/uber of dwelling units for our calculations, which gives
us sixteen residents. This translates at the rate of .002S-acres
per person to ~0.04 of an acre which is 1,742.4 square feet. The
r~sult is ~,583.20 as a park dedication fee.
If there are five units the dedication fee will be
$11,979.00.