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Item # 4.a.

City Council (FY24)

Meeting Date:	06/25/2024
Department:	Parks & Recreation
Key Focus Areas:	Infrastructure Development and Maintenance Financial Health and Organizational Excellence Vibrant and Active Community

AGENDA CAPTION:

Present and discuss progress on the Parkland Dedication and Development Fee Study.

BACKGROUND:

The Parks, Recreation and Open Space (PROS) Plan identifies land and funding strategies to help address planning direction and long-term sustainability for Addison parks. Following PROS Plan recommendations, funding was allocated in the FY23/24 budget to undertake a comprehensive study and create an ordinance tailored to address specific needs of the Addison parks system related to growth and redevelopment.

In April 2023, Council entered into an agreement with 110%, Inc. to analyze parkland dedication requirements, a fee-in-lieu of land alternative and park development fees. The objective is to effectively manage the challenges posed by redevelopment and growth in Addison while upholding the current standard of service within our parks system.

Subsequently, a Public Advisory Committee comprised of eight members was appointed by Council in July 2023. Since its formation, 110% Inc. has been actively engaged with the Advisory Committee, Town staff and the Town's legal counsel, convening numerous sessions to define project parameters and seek input on proposed solutions.

The forthcoming update to Council will encompass the following elements:

An Overview of the Study - A summary of the project background, benefits and research conducted.
Recommendations - A description of methodologies used for calculating land values and park development fees in Addison will be shared along with recommended parkland dedication, in-lieu-of and park development fees
Comparable Cities & Project Benchmarking - An analysis of similar fees applied by cities in the DFW region and application scenarios for recent development projects in Addison.
Overview of Implementation - An outline of next steps for adopting an ordinance and beginning to collect the associated fees.

This update represents a significant milestone in the Town's ongoing efforts to enhance the quality of life for Addison residents through thoughtful and proactive funding for parkland and development.

RECOMMENDATION:

Information only, no action required.

Attachments
Presentation - Parkland Dedication & Development Fee Study
FAQ - Parkland Dedication & Development Fee Study