92-122 RES
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RESOLUTION 92 - 122
RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AMENDING THE PARK DEDICATION FEE
ON NEW SUBDIVISIONS AND MULTIFAMILY DWELLING UNITS
WHEREAS, the City Council of the City of Elk River in Ordinance
87-1 established that the City Council can require a
fixed fee to be paid for Park Dedication purposes and
that this fee shall be set by resolution of the City
Council; and,
WHEREAS, the Elk River City Council has received and reviewed a
recommendation from the Elk River Park and Recreation
Commission that recommends that this Park Dedication
Fee be increased per dwelling unit based on the need
for additional funds to provide recreation
opportunities and based on the increased land value in
the City of Elk River; and,
WHEREAS, the Elk River Park and Recreation Commission
recommends that no change take place regarding the
Park Dedication Fee requirements for commercial
property; and,
WHEREAS, the adoption of this resolution adjusts the Park
Dedication Fee on new subdivisions and multifamily
dwelling units that was adopted in Resolution 88-100.
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:
$400/1ot or dwelling unit effective 1/1193
$450/1ot or dwelling unit effective 1/1194
$500/1ot or dwelling unit effective 1/1195
Passed and adopted by the City Council
this 14th day of December, 1992.
City of Elk River
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James A. Tralle, Mayor
ATTEST:
~ t? ~<-d!"
Sandra A. Thackeray, City Cle