§ 152.165 CALCULATIONS OF CASH IN LIEU OF PARK LANDS.

   By way of example, using the land value in § 152.157 and the density formulas in § 152.158, and factoring in the need for 5.5 acres of land per 1,000 population (or 0.0055 acres per person) set forth in § 152.156, the following calculations are derived:

   (A)   Single-family detached.

      (1)   Three-bedroom: 2.801 ×.0055 .015 acres per house × $75,000 $1,125

      (2)   Four-bedroom: 3.631 × .0055 .020 acres per house × $75,000 $1,500

      (3)   Five-bedroom: 3.630 × .0055 .020 acres per house × $75,000 $1,500

   (B)   Attached single-family (townhouse, condominium, etc.).

      (1)   One-bedroom: 1.068 × .0055 .005 acres per unit × $75,000 $375

      (2)   Two-bedroom: 2.077 × .0055 .011 acres per unit × $75,000 $825

      (3)   Three-bedroom: 2.403 × .0055 .013 acres per unit × $775,000 $975

      (4)   Four-bedroom: 3.243 × .0055 .018 acres per unit × $75,000 $1,350

(Ord. 1995-0-25, passed 12-26-95; Am. Ord. 2006-O-5, passed 3-21-06)