06/04/1990 Park Board Packet - Laserfiche WebLink

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March 21 , 1939 TO Inver Grove Heights Parks and Recreation Commission FROM Bruce K. And,_ sort;� ffirect , r Parks and Recreon ommismion DR Park Dedication. Ordinance U.,--date BACKGROUND. The ' Park Dedication Ordinance calls for a review of the fees charged in lieu of a land dedication in each odd numbered year. The_ Parks and Recreation Commission is responsible to report to the City Council the average value *of undeveloped land within the City. The figure that is ascertained is what the -Park Dedication Fee per acre cash contribution is based . The ordinance divides the City into four separate Park Dedication .1 fee structures based on sewer and unse::ered property as well as contrasting residential and industrial lard . The existing ordinance divides the City somewhat inexactly, bu basi cl; it corresD_ onds to unsewered and severed areas within the Cit . On.e of the changes staff :OLlld prCnose in th.e ordinance this ;'ear is to n _ :e the de'--..ea_ ion b.e.wee.1 tae t,:o :ees be c-earl • establis*-= 4 as proper;.. inside or out Le MUSA line . The average land values used are for unplatted or raw land . The value of land ,:ith improvements including streets ,. sanitary sewer , water service , etC . 0DVIOtls1y greatl}' in.creases the val,.le 0: the property. The Current Ordinance bases the cash contribution on a required 10 percent land dedication and the assumption that an average of 2 . 5 single family- lots can be created out of each acre of raw land . The 1 -087 - ' 89 Park Dedication requirements are as follows : I . Sewered residential prorert•: - the average land vn1u,e utilized was 58 , 250 . which based on our formula derives a cash contribution of $330 per residential unit.. 2 . U::se,:ered property - the average land value was based on S5 , 000 per raw land per acre ,:hich rased on the formula establishes a S200 per residential unit park, dedication fr-e . In the case of commercial and industrial t•.,o separate land al.:es based on the severed and urF,ewered areas have also been established . P-nsed on studies of market sales there is a difference in land -,•clues tb2t,:eerl commerc•inl property in the somhern half of the Cit.%- or Pine Lend are: and the remainder of the Cit>' . This is largel .: due to the lnrl: of sanitliry sc, er and water service south of 55 10ut also its