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Memo to the Park and Recreation Commission <br /> November 18, 1998 <br /> Page 2 <br /> • • The City of Otsego implemented their trail fee based on what other cities <br /> have for fees. It was implemented because they had no trails and the <br /> money goes into a separate trail fund. <br /> Elk River Subdivision Ordinance <br /> There exists currently an inconsistency in the Subdivision Ordinance, section <br /> 1008.18 and how the City actually conducts its determination of cash <br /> dedications for parks. The subdivision ordinance states that ten percent of <br /> the proposed plat or cash equal to the fair market value of the undeveloped <br /> land be dedicated for parks. The ordinance reads as follows: <br /> 1008.18 -DEDICATION OF LAND OR CONTRIBUTION OF CASH <br /> FOR PUBLIC PURPOSE <br /> 1. In every plat, replat or subdivision of land to be developed for residential, <br /> commercial, industrial, or as a planned development which includes such <br /> uses or any combination thereof, as general rule, it is reasonable to require <br /> that an amount of land equal in value to ten percent (10%) of the <br /> undeveloped land proposed to be subdivided shall be set aside and <br /> dedicated by the tract owner or owners to the general public as open space <br /> for parks, playgrounds, trails, or public open space; or, at the option of the <br /> • City, the tract owner or owners shall contribute to the City an amount of <br /> cash equal to the fair market value of the undeveloped land otherwise <br /> required to be so set aside and dedicated, or set aside and dedicate a part of <br /> such land and contribute the balance of such undeveloped land value in <br /> cash. The City Council shall determine the amount to be required by <br /> resolution from time to time. Any monies so paid to the City shall be placed <br /> in a special fund and used only for the acquisition of land for parks, <br /> playgrounds, trails, public open space and development of such areas and <br /> sites, and for debt retirement in connection with land previously acquired <br /> or developed for such public purposes. For purposes of this Ordinance, "fair <br /> market value of the undeveloped land" is defined as the fair market value <br /> of the land within such plat, replat, or subdivision as of the date the plat, <br /> replat, or subdivision is presented to the City Council for approval of the <br /> final plat, as determined by the City Assessor in the same manner as he <br /> determines the fair market value of land for tax purposes. <br /> 2. In addition, in every plat, replat, or subdivision of land to be developed for <br /> residential, commercial, industrial or as a planned unit development which <br /> includes such uses, the land required for public streets, regional storm <br /> water holding ponds and wetlands shall be set aside and dedicated on the <br /> plat by the owners to the City. These areas will not be credited towards <br /> any park dedication requirements. <br /> The City currently conducts its park dedication requirements based on a ten <br /> • percent of the land or a fee per dwelling unit as stated in Resolution 95-87. <br /> s:\planning\stevewen\parkmmo\pkdedfe2.doc <br />