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CITY OF ELK RIVER <br />ORDINANCE 21 - 7 <br />AN ORDINANCE AMENDING THE 2021 <br />MASTER FEE SCHEDULE OF THE CITY OF <br />ELK RIVER, MINNESOTA, CITY CODE <br />The City Council of the City of Elk River does hereby ordain as fol- <br />lows: <br />SECTION 1. That the Park Dedication section in the City of Elk River <br />2021 Master Fee Schedule shall be amended to read as follows: <br />PARK DEDICATION FEE <br />• Residential <br />o Low Density (7 DU/acre) $1,425.93/dwelling unit <br />o Medium Density (4 to<7 DU/acre) $1,075.79/dwelling unit <br />o High Density (>7DU/acre) $4,897.04/dwelling unit <br />• The park dedication fee for high -density residential projects shall <br />be capped at $500,000. <br />• Commercial 8% of county assessed value of property <br />• Industrial 6% of county assessed value of property <br />RENTAL DWELLING LICENSE <br />• Single Family $100 new <br />$100 per dwelling annual renewal <br />• Multi -Unit $100 new <br />$100 + $10 per unit <br />• Re -inspection Fee $100 <br />• Re -instatement Fee $1,500 <br />SECTION 2. That this ordinance shall take effect upon adoption and <br />be published as provided by law. <br />Passed and adopted by the City Council of the City of Elk River this <br />5th day of April, 2021. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />Published in the <br />Star News <br />April 10, 2021 <br />1128619 <br />