06/04/1990 Park Board Packet - Laserfiche WebLink

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Park Dedication I1/1/89 Page 3 ''I Form of Dedication Currently, the park dedication ordinance allows for either land or cash dedication. The Chamber strongly recommends that Inver Grove Heights follows the lead of an ever increasing number of cities which are requir- ing cash only. We believe cash dedication is preferable to land dedica- tion because of fairness to develoeprs, planning consistency, and certainty to the developer. We support the development of a currently commissioned park plan which will specifically identify properties needed for an overall city park system. We believe that the city, after appropriate citizen input, should adopt such a park plan, and the City then should not seek to use property outside of those identified in the park plan for park or trail use. We believe that the- park plan should be relied upon and used as a planning- and implementation tool -for a period of years from its adoption. We be- lieve the City should require cash park dedication fees and then in turn acquire the properties necessary for the implementation of their overall park plan. Appropriate Level of Fees Currently a formula exists which every two years readjusts the park dedi- cation fees with C and I property paying 5% of value and residential property paying 10% of value. The Chamber believes that the earlier recommendations outlined above, if accepted, would significantly enhance our park dedication system. And based on our assumption that the afore- mentioned reforms take place, we can support the existing park dedication fees. If however, the aforementioned reforms do not take place, signifi- cant reductions in the per acre fees must be considered.