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other than 10'6 used a percentage of 3% to 8 %. Only
<br />one city reported a rate above 10% (1 i%). Three cites
<br />did not list the rate.
<br />Table 2
<br />axed Feb. Cash Dedication - Commercial /Industrial Property
<br />Commercial Industrial
<br />Table 2 lists the filed fee cash dedication for
<br />Fee per ace
<br />commercial - industrial property contained in the 51,000 51,000 NA
<br />surveys. The overall average fee for commercial 1,000 1.000 NA
<br />property is $10,500 per acre. If the two highest fees 1,000 1,000 NA
<br />(550,000 and $90,000) are removed, then the average
<br />1,200 1,200 PHD 1,200
<br />fee drops to $4,900. For industrial property, the 2,000 NA NA
<br />overall average is $6,700 /acre. The average drops 2,300 2,300 NA
<br />to almost $4,600 /acre when the high fee ($50,000)
<br />is removed. 2,500 2,500 NA
<br />3,000 2,000 Public/ 2,000
<br />Next Steps nstdutional
<br />Some survey respondents indicated interest in 4,000 4,000 NA
<br />participating in a discussion forum on park dedication 4,000 4,000 NA
<br />"best practices" HKGI plans to conduct this forum in 4,200 4,200 NA
<br />this summer. Participants will be contacted via email 4,738 3,966 NA
<br />with date and schedule for the forum. 5,700 5,475 NA
<br />6,400 6,400 NA
<br />Participating Cities 6,615 2,205 NA
<br />HKGI extends its sincere thanks to the following 7,000 3,600 NA
<br />cities that participated in the 2007 Park Dedication 7,058 7,693 NA
<br />Survey. 7,500 7,500 NA
<br />Other- Other -
<br />type amount
<br />Andover
<br />Arden Hills
<br />Bloomington
<br />Buffalo
<br />Cloquet
<br />Crystal
<br />Eagan
<br />Eden Prairie
<br />Excelsior
<br />Forest Lake
<br />Grand Rapids
<br />Lakeville
<br />Mankato
<br />Mound
<br />North Branch
<br />Owatonna
<br />Red Wing
<br />Savage
<br />St. Michael
<br />Wayzata
<br />Apple Valley
<br />Bemidji
<br />Brooklyn Center
<br />Chanhassen
<br />Cottage Grove
<br />Duluth
<br />East Bethel
<br />Elk River
<br />Faribault
<br />Fridley
<br />Ham Lake
<br />Little Canada
<br />Minneapolis
<br />Mounds View
<br />Northfield
<br />Plymouth
<br />Robbinsdale
<br />South St. Paul
<br />St. Paul
<br />Willmar
<br />7,800 7,800 NA
<br />11,000 11,000 NA
<br />12,500 12,500 NA
<br />50,000 NA NA
<br />90,000 50,000 Business park 85,000
<br />8,125 to 13,875
<br />Fee per 1,000 sf of building
<br />705 470 Hotel 235
<br />1,737 437 NA
<br />Minnetonka
<br />New Brighton
<br />Orono
<br />Prior Lake
<br />Rosemount
<br />St. Anthony
<br />Stillwater
<br />Woodbury
<br />Moorhead
<br />New Hope
<br />Otsego
<br />Ramsey
<br />Roseville
<br />St. Cloud
<br />Victoria
<br />Worthington
<br />•Farmarer nformationa6outparkdedtcadan,• cdntottrregingrnliunr (6T2.151j13Z. geeg @Hkgncom) otRosty,ffheldf6T22527,nt rusry@hkgIco
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