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~ty of <br /> <br />River <br /> <br />ITEM 5.15.d <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />MEMORANDUM <br /> <br /> Mayor and City Council <br /> <br /> Steven B. Ach, City Planner~ <br /> December 18, 1995 <br /> <br /> Park Dedication Fees <br /> <br />Issue. <br /> <br />Consider Resolution No. 95-__, amending the park dedication fees for ali <br />residential and commercial development. <br /> <br />Attachments <br /> <br />· Resolution No. 95-__ <br />· Memo to the Park and Recreation Commission dated September 13, 1995 <br />· Minutes from the September 13, 1995 Park and Recreation meeting <br />· Survey of park dedication fees <br /> <br />Overview <br /> <br />In 1992, the City Council adopted a resolution which adjusted the park <br />dedication fees on an annual basis by $50.00 for a three-year period. The <br />last adjustment as set forth in the resolution was made on 1/1/95 which <br />brought the fee up to $500 per dwelling unit for residential development. <br /> <br />Attached for the Council's review is a survey of other communities' park <br />dedication fees. <br /> <br />Park and Recreation Commission <br /> <br />The Park and Recreation Commission, at their September 13,.. 1995 meeting, <br />discussed an increase in park dedication fees. The Park and~ec Commission <br />recommended increasing the fee for single family and multi-family <br />development by $100 per lot annually for the next two years. The <br />Commission also recommended increasing the commercial park dedication <br />fee from the current rate of $1,500 per acre to $2,000 per acre in 1996 and <br />$2,500 per acre in 1997. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />