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market values for un -platted residential land in the City of Elk River. It is noted that this <br />consultation is not intended to be an appraisal of any particular property within the City of <br />Elk River. Rather, the function of this memorandum is to provide guidance to the City in <br />determining appro ate park d ication fee <br />W <br />SCOPE OF <br />T "rollowing data Ninforon pertaining to the review of park dedication fees have <br />been examined. <br />• Reviewed City of Elk River zoning and land use information <br />• Reviewed Minnesota Statute 462.358 Subd. 2b. regarding park dedication fees <br />• Investigated comparable high-density, medium -density and single-family residential <br />land sales <br />0 Completed statistical analysis on observed market -transacted sale prices <br />