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24-100687-Parks-In-Lieu Request-02.22.24January 15, 2024 Mr. John Hutton, Parks Director Federal Way City Hall 33325 81h Avenue S. Federal Way, Washington 98003 Subject: Request for Fee -In -Lieu payment for Open Space/Parks Dash Point Palisades, 13-Lot Subdivision Parcel Numbers: 1021039016, 9001, & 9040 Dear Mr. Hutton: Pursuant to current City code, it is our understanding that all residential subdivisions are typically required to provide open space in the amount of fifteen percent (15%) of the gross land area within a subdivision site. However, code also offers the possibility of a fee -in -lieu payment be made to satisfy open space requirements, which we are requesting herein for Dash Point Palisades. The project proposes the development of a thirteen (13) lot, single-family residential subdivision located at the southwest intersection of SW 316th Place and 5151 Avenue SW; Parcel Numbers 1021039016, 9001, & 9040. In consideration of the City's overall park plan, quality, location, and service area of the open space that would otherwise be provided within the Dash Point Palisades subdivision, we believe that the location, quality, and extent of the required project open space would, not fulfill the intent or purpose of useful common open space as a result. As such, we respectfully request your careful consideration and approval of this matter. If you have any questions or require additional information, please contact us at your earliest opportunity. Sincerely, Geoffre . Sherwin, P.E. Director of Acquisition and Entitlement JKM Holdings, LLC 253-312-5780 geoff@jl<monarch.com JKMONARCI4 Mailing Address. P.O. Box 188 . Puyallup, Washington 98371 F I N E H O M E S phone. 253.840.5660 fax.253.840.3350 JKMONARCH.COM