REVIEW COMMENTS
LEISURE SERVICES: PARKS MEMORANDUM #00-177
TO:
Michael Rumpf, Director of Planning & Zoning
John Wildner, Parks Director jtJ
Tuscany on the Intracoastal4y Vista) Recreation Fee
FROM:
RE:
Date
November 21,2000
Based on our previous discussion, the following information is forwarded concerning the
Recreation Fee for the Tuscany on the Intracoastal Multi Family Home Development.
1. Based on 286 DulAc x. 015 = 4.29 Land Dedication Requirement
'/4 credit for Natural Resource Preservation = 1.07 AC
Y2 credit for Private Recreation Credit = 2.15 AC
Total Dedication Requirements = 1.07 Acres
2. The developer has submitted an appraisal in order to determine a fee in lieu of
land.
3. Based on the attached appraisal the total value of the projects land is $2,180,000
with a total acreage of 14.328 acres. Average cost per acre calculates as
$152,149.63 x 1.07 acres = $162.800.10 Total Recreation Fee.
Please review and place on commission agenda at your earliest convenience.
ALTMA:'l DEVELOPMENT CORPORATION
October 24, 2000
The City of Boynton Beach
Parks Division
100 E. Boynton Beach Boulevard
Boynton Beach, FL 33425-0310
Attn.: John Wildner
Re: Tuscany on the Intracoastal (a.k.a.Bay Vista) Recreation Fee
Dear John:
As you are aware, based on the analysis performed during the Technical Review
Committee process, Altman is required to provide a Parks and Recreation land dedication
(or fee in lieu) of 1.07 acres.
This land area was calculated in strict compliance with the City's formula of .015 acres
per dwelling unit and allowing a credit for "Native Resources" and "Private Recreation".
While I understand the requirement for the City to uniformly apply their code to all
developments, I believe there is some recognition that the code as written did not
anticipate developments of the density required to utilize urban infilllocations such as
Tuscany. This code results in a land dedication requirement of over 10% of the buildable
acreage. If the city truly wants to encourage high-quality development in the core, they
need to address a code that represents a 10% burden on such developments.
That being said, we have followed your suggestion and solicited a third-party appraisal
(attached) for the property to arrive at an appropriate value of the 1.07 acres. Page 23 of
the appraisal summarizes the findings: values range from $2.75 to $8.98 per buildable
square foot.
If we were to actually dedicate park land, we would focus on a parcel that was on the
perimeter ofthe property (to maximize contiguous developable acreage), had public
access, avoided sacrificing valuable waterfront acreage, and was the least economic
burden to the development. The Merkel property is the closest to meeting these criteria.
2201 Corporate Blvd. N.W., Suite 200. Boca Raton, Florida 33431 (561) 997-8661 Fax (561) 997-8706
Tuscany on the Intracoastal (a.k.a.Bay Vista) Recreation Fee
October 24, 2000
Page Two
If we utilize the appraised value of the Merkel property at $2.75 per s.f., the value of a
1.07 acre park site would be $128,000.
I appreciate the city's efforts in working with us to develop this exciting community.
Please review the attached appraisal and feel free to contact me with any questions.
Sincerely,
The Altman Development Corporation
/1::-.
~A
Scott Auker
Vice President
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