8.2.A. PRSR 12-14-2005 - Laserfiche WebLink

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Item # 8.2.A. I~I~~C•7:7~\.1~1~1u1 TO: Parks and Recreation Commission FROM: Bill Maertz, Parks and Recreation Director DATE: December 14, 2005 SUBJECT: Request by Metro Plains to be Charged 2004 Park Dedication Rates Request Consider request by Metro Plains Development to calculate park dedication rates for the Bluffs of Elk River and Jackson Place at the 2004 rate. Background Both the Blufs of Elk River and Jackson Place received platt approval in 2005. Metro Plains Development has requested that park dedication for the two downtown projects be calculated at 2004 rates. Metro Plains has written a letter stating that they had a verbal agreement with Pat Klaers and Michelle McPherson, agreeing to freeze park dedication rates at the 20041eve1. In this letter, MetroPlains states that: The minutes from the October 13, 2004 Park Commission meeting indicate that a request to freeze rates was not presented to the Park Commission when dedication for the Bluff block was considered. Any understanding between city staff and Metro Plains requires a review by the Park Commission followed by City Council action. If park dedication fees for the two projects is charged at the 2004 rate, the fees will total $217,800. At the 2005 rates the fees will total $277,200, a difference of $61,200. To put this in perspective, the 5% park dedication fee increase, approved by the City Council on December 5, will generate approximately $50,000 in 2006. The 2006 parks capital improvement budget includes $660,000 for construction of Rivers Edge Commons. The development of this park will be a direct benefit to Metro Plains as they market the Bluff and Jackson Blocks.