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Parks Board recommends 6.5 acres and fees for Monarch Mixed‑Use development after floodplain study
Summary
After a floodplain analysis reduced creditable dry acreage, the Parks Board recommended accepting 6.5 acres (including a 0.5‑acre pocket park), $622,480 cash‑in‑lieu and $347,000 in park development fees for the Monarch Mixed Use Development; board allowed credits for improvements to the pocket park.
Town planning staff briefed the Parks Board on changes to the Monarch Mixed Use Development’s parkland package after a floodplain study altered how much land can count toward the town’s park‑dedication ordinance.
Tyler, staff planner, said the developer will deed the full green area to the town but a portion of that land was identified as floodplain and therefore cannot be counted toward the ordinance’s dry‑land park‑dedication…
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