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j• RESOLUTION 92 - 122 <br /> RESOLUTION FOR THE CITY OF ELK RIVER <br /> A RESOLUTION AMENDING THE PARK DEDICATION FEE <br /> ON NEW SUBDIVISIONS AND MULTIFAMILY DWELLING UNITS <br /> WHEREAS, the City Council of the City of Elk River in Ordinance <br /> 87-1 established that the City Council can require a <br /> fixed fee to be paid for Park Dedication purposes and <br /> that this fee shall be set by resolution of the City <br /> Council; and, <br /> WHEREAS, the Elk River City Council has received and reviewed a <br /> recommendation from the Elk River Park and Recreation <br /> Commission that recommends that this Park Dedication <br /> Fee be increased per dwelling unit based on the need <br /> for additional funds to provide recreation <br /> opportunities and based on the increased land value in <br /> the City of Elk River; and, <br /> WHEREAS, the Elk River Park and Recreation Commission <br /> recommends that no change take place regarding the <br /> Park Dedication Fee requirements for commercial <br /> • property; and, <br /> WHEREAS, the adoption of this resolution adjusts the Park <br /> Dedication Fee on new subdivisions and multifamily <br /> dwelling units that was adopted in Resolution 88-100 . <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City <br /> of Elk River that Park Dedication Fees paid to the <br /> City in lieu of 10% of the undeveloped land shall be <br /> set at: <br /> $400/lot or dwelling unit effective 1/1/93 <br /> $450/lot or dwelling unit effective 1/1/94 <br /> $500/lot or dwelling unit effective 1/1/95 <br /> Passed and adopted by the City Council f the City of Elk River <br /> this 14th day of December, 1992 . <br /> /11r‘ <br /> James A. Tralle, Mayor <br /> ATTEST: <br /> `,--L-4040t tee <br /> r Sandra A. Thackeray, City Cie <br /> r• <br />