06/04/1990 Park Board Packet - Laserfiche WebLink

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RECOMMENDATION TO: CITY COUNCIL OF INVER GROVE HEIGHTS FROM: PARKS AND RECREATION COMMISSION MEETING HELD; APRIL 12 , 1989 MEMBERS PRESENT: CHAIRPERSON SHEILA TATONE ,. COMMISSIONERS MARTIN SILVI , COLLIN O'NEILL, L•YNDA BEERMANN , RENEE KATH, CONRAD MUELLER, AND ROGER TONDERL'M. SUBJ: PARK DEDICATION ORDINANCE Staff highlighted the memorandum regarding the park dedication ordinance and indicated that the Parks and Recreation Commission wgs responsible to report to the City Council the average value of undeveloped land within the City every two years . Staff had proposed a recommendation for the park dedication fees based on the following criteria: 1 ) Recent land sales within the City. 2 ) Comparison of other suburban community' s park dedication fees . 3 ) A report prepared by an independent appraiser. 4 ) The existing park dedication fees . As a result of this process staff indicated the following : 1 ) The value of severed residential land is increasiniz at a faster rate than the other three areas . 2 ) The value of unsewered residential land have increased at a moderate rate . 3 ) The value of commercial property in the northern area of the City is extremely variable . 4 ) Commercial industrial land values in the Pine Bend area have remained static in recent rears . Based on the information , staff recommended the following : 1 ) Residential severed land values should be increased to S9 , 250 . per acre or a 11 percent increase over a 2 year period . 2 ) The residential unsewered land Value should increase to S5 , 250 . per acre or a 5 percent increase over 2 rears . 3 ) The commercial industrial land -aloes remain the same as they were in 1989 . ) 4 ) The commercial industrial land values in the southern half of the City should remain the same as they were in '1 1989 . A lengthy discussion ensued by the Parks and Recreation Commission which reached the following consensus :