HR&A Advisors, Inc. 0 Three primary cost drivers for open space development and maintenance Hardscape, water features, pavilions, seating Design Utilization Site Characteristics Natural areas, grass vs. turf fields Intensive activity, large gatherings Passive recreation, nature walks Brownfield, infrastructure, waterfront Greenfield, mild climate, mild topography

HR&A Advisors, Inc. 1 Land costs + Hard costs + Soft costs + Developer returns Assessing private development potential to fund open space Allowable land uses & densities X Market absorption potential $$$ available for public benefits –

HR&A Advisors, Inc. 2 Open space funding sources to supplement the pro-forma threshold Conceptual Operating Sources per Acre by Park Type: Utilization drives revenue potential Neighborhood Park (e.g. Mattocks Park) Community Park (e.g. Dayton’s Bluff) Destination Park (e.g. Como Park) General Fund Real Estate Levy / Improvement District Special Tax Concessions Philanthropy & Sponsorships Supplemental revenue per acre