Laserfiche WebLink
MEMORANDUM <br />TO: Park & Recreation Commission <br />FROM: Jim Morelan, Parks & Recreation Director <br />DATE: May 31, 2007 <br />RE: Park Dedication Fee Adjustment <br />As explained to you at our last Commission meeting, our residential park dedication fee is much <br />lower than our neighboring cities' fees and is in need of an increase. Enclosed is a copy of a <br />recent survey conducted by Hoisington Koegler Group, Inc. that shows how our current rate <br />compares with the other 55 cities that participated in the survey. This survey definitely shows <br />that an increase is warranted. Please note that the average fee for single family homes, as <br />reported in the survey, is almost $2,600 ($2,488 median). <br />After reviewing this information, it is staff's recommendation that we change our residential park <br />dedication fee as follows: <br />An increase in the commercial rate is not warranted at this time. We have calculated a couple of <br />recent commercial developments' park dedication fees using our current rate and they both <br />closely approximate to the new residential fee. <br />n:AKrisPACon'espondeneeAKns' 2007APark Dedication Pecs.doc <br />*multi-family is defined as anything over 8 dwelling units. <br />