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Item # 8.3.A. <br />ver <br />MEMORANDUM <br />TO: Parks and Recreation Commission <br />FROM: Bill Maertz, Parks and Recreation Director <br />DATE: October 31, 2005 <br />SUBJECT: Recommendation for Park Dedication Fees <br />ACTION FOR CONSIDERATION <br />Recommendation on park dedication fees <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 />2005 neighboring communities park dedication fees: Subject to increase for 2006. <br />Otsego <br />Residential $2932/dwelling unit <br />Commercial $7,000/acre <br />Industrial $3,500/acre <br />Ramsey <br />Residential $ 2,200/dwelling unit <br />Commercial $ 4,356/acre <br />Industrial $ 4,356/acre <br />Big Lake <br />Residential $3,500/dwelling unit (scheduled for increase to $4,000 in 2006 <br />Commercial NA <br />Industrial NA <br />Rogers <br />Residential $2,000/dwelling unit <br />Commercial $6,000/acre <br />Industrial $4,000/acre <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 />