05/02/1988 Park Board Packet - Laserfiche WebLink

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PARK DEDICATION REQUIREMENTS FOR COMMERCIAL AND INDUSTRIAL LAND PLACE PERCENTAGE OF SITE FOR DEDICATION Plymouth 10 Vadnais Heights 10 Shoreview 10 Little Canada 10 Roseville 10 White Bear Township 10 Oakdale 10 Mahtomedi 7 White Bear Lake 5 Maple Grove 5 Coon Rapids 3-5 Fridley 3 Historically there are two trends here. About three or four years ago, roughly half of all places in the metropolitan did not require any park dedication for commercial or industrial development. Obviously the trend has been toward the requirement . Moreover most places require ten percent of the site if land is taken. The second trend (neither are shown in the first table) with park land dedication is the use of a formula other than "ten per cent of the value of the undeveloped land" when cash is chosen instead of land. FORMULA REQUIREMENTS FOR DETERMINING COMMERCIAL AND INDUSTRIAL LAND DEDICATION PAYMENTS PLACE FORMULA FOR DEDICATION Apple Valley $15 , 000 per acre X 10 percent of land area Eden Prairie $2, 300 per acre Woodbury $1 , 200 per acre industrial $1 , 500 per acre commercial $1 , 000 per acre office Eagan Four cents per square foot of development minus roadways It ' s interesting that the places going to the formula are all fast growing, quality oriented communities . One of the main 'reasons for the formula is ease of negotiation. Instead of requiring proof of the land' s value, the city quickly multiplies the amount by the size of the parcel and the cash amount if determined. Clearly this is the trend and ten years from now many more places will be using commercial/industrial formulas .