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r Item # 9.C.I. <br /> J <br /> city or k <br /> El <br /> River <br /> MEMORANDUM <br /> TO: Park and Recreation Commission <br /> J <br /> FROM: Michele McPhersdW D rector of Planning <br /> DATE: November 12, 2003 <br /> SUBJECT: Consider 2004 Park Dedication Fees <br /> Attachments <br /> • December 2002 Park Dedication Survey <br /> Each year at this time the Commission considers a recommendation to the City Council <br /> regarding park dedication fees for cash dedication purposes. The current fees are as follows: <br /> Residential $1,615 per dwelling unit <br /> Commercial $3,000 per acre <br /> Industrial $2,000 per acre <br /> In recent years there has been no change to the commercial and industrial rates, however the <br /> City has consistently increased the residential rate at 5 percent or slightly lower. An increase <br /> of 5 percent in the residential rate would result in a rate of$1,695.75 per unit, an increase of <br /> approximately$80.00. Staff would recommend,if the Commission is interested in <br /> continuing its past practice,that the amount be reduced to $1,695.00, a portion of which is <br /> dedicated to trail construction. <br /> Attached for your information is the 2002 park dedication survey that was completed on <br /> behalf of the Minnesota Recreation and Parks Association. Staff contacted the cities of <br /> Otsego,Ramsey, and St.Michael to determine what their current rates are: <br /> Otsego Ramsey St.Michael <br /> Residential $2100/unit $1800/unit $2000/unit <br /> Commercial $7000/gross acre 5% fair market value $3000/acre <br /> Industrial $3500/gross acre 5% fair market value $2000/acre <br />