Title
Consider an application to allow fee in lieu of parkland dedication for the Torrington Briarwood Apartments, located at 23701 IH 635 (2250 Dean Street).
Body
Earlier this year, the applicant received zoning approval for a 313-unit multifamily development and is requesting to pay a fee in lieu of dedicating parkland. Based on the requirements of the Parkland Dedication Ordinance, the development must provide 5.7 acres of parkland. The ordinance allows up to a 50 percent credit toward the dedication requirement for the provision of private recreational facilities.
The applicant is providing at least 2.85 acres of private recreational and open space, thereby qualifying for the maximum 50 percent credit. As a result, the remaining 2.85 acres must be addressed through dedication or a fee in lieu. The applicant is proposing to pay a fee in lieu in the amount of $418,357.68 for the remaining acreage.
McWhorter School Park is the nearest public park to the proposed development.
Recommended/Desired Action
Staff recommends approval of the request.
Attachment(s)
Request letter
Aerial Map and Concept Plan
Drafter
Garrett Langford
Head of Department
Adam Bailey