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Commercial Park Dedication <br /> <br />Currently, the City of Elk River has a rural and urban park dedication fee. <br />The proposed resolution would eliminate the rural rate and equ,lize the <br />commercial dedication. There is not a lot of rural commercial development <br />and when it does occur, they are held to the same standards as urban <br />commercial. Therefore, staff believes the rate for urban and rural should be <br />identical. <br /> <br />Recommendation <br /> <br />The attached resolution establishes a park dedication fee increase as <br />recommended by the Park and Recreation Commission for residential and <br />the first year increase for commercial. Staff would like to review the <br />commercial park dedication rate later this year to determine ff an increase to <br />$2,500 per acre is appropriate or ff that fee should actually be higher. <br /> <br />It is recommended the City Council adopt Resolution 95- , amending the <br />park dedication fees as set forth in the attached resolution. <br /> <br />s:council:parkdedi <br /> <br /> <br />