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River <br />Request <br />ITEM 12d- <br />MEMORANDUM <br />TO: Park and Recreation Commission <br />FROM: Steven B. Ach, City Planner. <br />DATE: September 13, 1995 <br />SUBJECT: Park Dedication Fees <br />Consider Resolution 95 -_, amending the park dedication fees which will be <br />effective 1/1/96 and 1/1/97. <br />Background <br />• In 1992, the Park and Rec Commission recommended to the City Council a <br />resolution to adjust the park dedication fees on an annual basis by $50 for a <br />three -year period. The last adjustment setforth in the resolution was made <br />on 1/1/95 and therefore, if the Park and Rec Commission would like to see an <br />increase in the park dedication fees on the first of January, 1996, a new <br />resolution will need to be forwarded to the City Council. <br />Analysis <br />As the Park and Rec Commission is well aware, demands are continually <br />being placed on the development of the park and recreation system. Park <br />dedication funds are a primary source for both acquiring land and <br />purchasing recreational equipment for the parks throughout the community. <br />As residential development continues throughout the community the <br />demands for recreational development will continue to increase and the <br />financing of these improvements is an issue the city will have to continuously <br />contend with. <br />In an attempt to keep pace with development and necessary park <br />improvements, the Park and Rec Commission is asked to consider the <br />attached resolution which would increase the park dedication fees for single <br />. family and multi - family development by $100 per lot annually, for the next <br />13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • (612) 441 -7420 • Fax: (612) 441 -7425 <br />