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E cyor <br /> . .r` <br /> Item # 9.C.I. <br /> River <br /> MEMORANDUM <br /> TO: Park and Recreation Commission <br /> FROM: Michele McPherson,Director of Planning <br /> DATE: November 13, 2002 <br /> SUBJECT: Consider Park Dedication Fees for 2003 <br /> Each year the Park and Recreation Commission considers park dedication fees for <br /> residential, commercial and industrial properties. The current fees are as follows: <br /> • Residential - $1,540 per lot <br /> • Commercial - $3,000 per acre <br /> • Industrial - $2,000 per acre <br /> In the past several years,the Commission has recommended to the City Council an increase <br /> of 5% for the residential park dedication fees. A 5%increase for 2003 would increase the <br /> cost to $1,617 per residential lot or dwelling unit. Staff would recommend, for ease of <br /> accounting,that this be reduced to$1,615 to the keep the numbers"round"in nature. Staff <br /> recommends that the commercial and industrial rates be maintained at their current levels as <br /> there is very little commercial or industrial activity occurring at this time. <br /> Recommendation <br /> Staff recommends that the Park and Recreation Commission recommend an increase in the <br /> residential park dedication fees from $1,540 to $1,615 per lot. <br /> S:\PLANNING\MICHMC\PARKNREC\2003 park dedication.doc <br />