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(a) General Formula
- Within the Roaring Fork School Districts, required land dedications or fees-in-lieu of land dedications for school purposes shall be based on the following formula:
- Land area required per student x students generated per dwelling unit = land dedication standard
(b) Land Area Required Per Student
- In applying the general formula in subsection (a) above, the following requirements for land area per student shall be used:
(c) Student Generation Rates
- In applying the general formula in subsection (a) above, the following requirements for land area per student shall be used:
(d) Land Dedication Requirements
- Applying the factors listed in subsections (a) through (c) above results in the Roaring Fork School District school land dedication requirements shown below:
(e) Cash-in-Lieu of Land Dedication
- At the discretion of the Roaring Fork School District, a developer of residential housing may make a cash payment in lieu of dedicating land, or may make a cash payment in combination with a land dedication. The formula to determine the cash-in-lieu payment is as follows:
- Market value of land per acre * land dedication standard from subsection (d) above * no. of dwelling units = cash-in-lieu payment required.
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