Title
Consider an application to allow a fee in lieu of parkland dedication for the Aura Fairways Multifamily, located at 5201 Northwest Drive.
Body
Earlier this year, the applicant received zoning approval for a 300-unit multifamily development and is now requesting to pay a fee in lieu of dedicating parkland. Under the Parkland Dedication Ordinance, the project is required to provide 5.45 acres of parkland. The ordinance allows up to a 50 percent credit toward this requirement for private recreational facilities.
The applicant is providing at least 1.11 acres of private recreational and open space, qualifying for a 20 percent credit. In addition, the development includes 87,000 square feet of open space within drainage easements and was not included in determining the credit. Therefore, the remaining requirement of 4.34 acres must be met through either dedication or a fee in lieu. The applicant proposes to pay a fee in lieu totaling $856,615.20, or $2,855.38 per dwelling unit.
Proctor Oates Park, located approximately one-quarter mile from the site, is the closest park, although it remains undeveloped. Palos Verdes Lake Park is the nearest developed 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