Laserfiche WebLink
1 <br /> Page 2 <br /> Park and Recreation Commission <br /> Park Dedication Fees <br /> (7 411 <br /> development, especially industrial development which aids the <br /> City's tax base. What has been proven reasonable to charge in <br /> court is 10% of the raw land value of the parcel. With the <br /> Planning Commission' s recommendation, commercial and industrial <br /> property in Elk River would be worth $20,000 per acre of raw <br /> land. This is certainly true for commercial property but <br /> possibly not for industrial. <br /> After the Park and Recreation Commission gives their <br /> recommendation, staff will pass both the Planning Commission 's <br /> and your recommendation on to the Council for approval of a <br /> resolution establishing the fee. <br /> • <br /> i <br />