The parks/recreation/open space development exactions are applicable to new residential subdivisions.
Pitkin County established a Parks/ Recreation/Open Space program to insure an ample supply of parks/recreation/open space to satisfy the needs of residents and visitors. The program is intended to ensure:
(a) General
(b) Standards
An applicant seeking approval for a residential development application may submit an independent calculation. If approved, the independent calculation will be utilized to calculate the required dedication.
At the election of the Board of County Commissioners, an applicant may satisfy his or her land dedication requirement by making a cash payment to the County for an amount equal to the current market value of the land required for dedication by Sec. 8-40-30.
(a) Calculating Cash-in-Lieu Payment
(b) Calculating Land Value
(c) Timing of Cash-In-Lieu Payment
(d) Criteria to Select Method to Satisfy the Dedication Standards