Laserfiche WebLink
• RESOLUTION 95 -87 <br /> RESOLUTION AMENDING THE PARK DEDICATION FEE FOR <br /> RESIDENTIAL AND COMMERCIAL DEVELOPMENT <br /> WHEREAS, the City Council of the City of Elk River, in Ordinance <br /> 87-1, established that a development fee may be paid <br /> for Park Dedication purposes and that this fee shall be <br /> set by resolution of the City Council; and, <br /> WHEREAS, the City Council has received and reviewed a <br /> recommendation from the Elk River Park and Recreation <br /> Commission that the Park Dedication Fees be increased, <br /> due to the increased need for recreational opportunities <br /> which increased development causes; increasing land <br /> values in the City of Elk River; and the increasing costs <br /> of providing recreational opportunities in the City of <br /> Elk River; and, <br /> WHEREAS, the adoption of this resolution adjusts the Park <br /> Dedication Fees adopted in Resolution 92-122. <br /> • NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br /> Elk River that Park Dedication Fees paid to the City in <br /> lieu of 10% of the undeveloped land shall be set at: <br /> Residential: <br /> $550/lot or dwelling unit effective 1/1/96 <br /> $600/lot or dwelling unit effective 1/1/97 <br /> $650/lot or dwelling unit effective 1/1/98 <br /> Commercial: <br /> $1,750 per acre effective 1/1/96 <br /> $2,000 per acre effective 1/1/97 <br /> Passed and adopted by the City Council of the City of Elk River this 18th day <br /> of December, 1995. <br /> en r A. Duitsman, Mayor <br /> ATT j: <br /> im&J, <br /> andra A. Thackeray, City Cler <br />