12.D. PRSR 09-13-1995 - Laserfiche WebLink

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