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<br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />MEMORANDUM <br /> <br />Mayor and City Council <br /> <br />Bill Maertz, Parks and Recreation Director <br /> <br />November 30, 2005 <br /> <br />Recommendation for Park Dedication Fees <br /> <br />ACTION FOR CONSIDERATION <br />Recommendation on park dedication fees <br /> <br />BACKGROUND <br />Elk River current park dedication fees: <br />Residential $2,800/ dwelling unit <br />Commercial $6,000/ acre <br />Industrial $2,000/ acre <br /> <br />2005 neighboring communities park dedication fees: Subject to increase for 2006. <br />Otsego <br />Residential <br />Commercial <br />Industrial <br />Ramsey <br />Residential <br />Commercial <br />Industrial <br />Big Lake <br />Residential <br />Commercial <br />Industrial <br />Rogers <br />Residential <br />Commercial <br />Industrial <br /> <br />$2932/dwelling unit <br />$7,000/ acre <br />$3,500/ acre <br /> <br />$ 2,200/ dwelling unit <br />$ 4,356/acre <br />$ 4,356/acre <br /> <br />$3,500/dwelling unit (scheduled for increase to $4,000 in 2006) <br />NA <br />NA <br /> <br />$2,000/ dwelling unit <br />$6,000/ acre <br />$4,000/acre <br /> <br />A substantial portion of the park improvement budget consists of products or services that <br />are rising in price faster than the cost of living. <br />