95-087 RES
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RESOLUTION 95 -87
RESOLUTION AMENDING THE PARK DEDICATION FEE FOR
RESIDENTIAL AND COMMERCIAL DEVELOPMENT
WHEREAS,
WHEREAS,
WHEREAS,
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the City Council of the City of Elk River, in Ordinance
87-1, established that a development fee may be paid
for Park Dedication purposes and that this fee shall be
set by resolution of the City Council; and,
the City Council has received and reviewed a
recommendation from the Elk River Park and Recreation
Commission that the Park Dedication Fees be increased,
due to the increased need for recreational opportunities
which increased development causes; increasing land
values in the City of Elk River; and the increasing costs
of providing recreational opportunities in the City of
Elk River; and,
the adoption of this resolution adjusts the Park
Dedication Fees adopted in Resolution 92-122.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Elk River that Park Dedication Fees paid to the City in
lieu of 10% of the undeveloped land shall be set at:
Residential:
$550110t or dwelling unit effective 1/1/96
$600110t or dwelling unit effective 1/1/97
$650110t or dwelling unit effective 1/1/98
Commercial:
$1,750 per acre effective 1/1/96
$2,000 per acre effective 1/1/97
Passed and adopted by the City Council of the City of Elk River this 18th day
of Decembel', 1995.
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andra A. Thackeray, City Cler ~