Title
Consideration and Possible Action Regarding Park Development Fee Credit from Hanover Property Company in the Proposed Somerset Phase 2 Development.
Requested Action
Consideration and Possible Action
Recommendation
Grant Applicable Park Fee Credit for the Proposed Somerset Phase 2 Development.
Description/History
Hanover Property Company is requesting a “Park Fee Credit” for development of the park amenities planned for Somerset Phase 2 Development. These amenities include two swimming pools, pond with aerator, walking trails, playground and open green space.
If credit is granted, the fees would be reimbursed upon completion of the park amenities and acceptance by the Parks and Recreation Department in accordance with the Park Land and Development Ordinance.
Justification
The estimated expenses for the proposed amenities exceed the required $282,000 in park development fees that would be billed to Hanover Property Company. These amenities will meet the recreational needs of the future residents of Somerset Phase 2 Development.
Funding Source
N/A
Prepared By
James Fish, RLA, ASLA
Sr. Park Planner, Parks and Recreation Department
james.fish@mansfield-tx.gov
817-728-3394