Jul 9, 2013 at 12:25 pm
The grand forks finance committee is entering the debate over dedicated park and open spaces when it comes to new residential developments. Since 1975 the city has required developers to set aside eight-percent of acreage within a subdivision for park space. In some cases a cash payment or a combination of cash and land can be made to settle the requirements of the law. new state and federal guidelines on stormwater management have prompted the city to review the policy. an analysis from the planning office says a developer will typically set aside 20 to 25 percent of land for streets…utility easements…and oright-of-way purposes. Add the eight-percent park dedication and a four-percent set aside for construction of a storm pond and 37-percent of the site is already accounted for. At issue is whether the consumption of land drives up costs for developers who simply pass those on to future buyers.