11/02/1987 Park Board Packet - Laserfiche WebLink

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-2- Those cities which do not show a land dedication formula, rely instead upon Cash + dedications being adequate for the outright purchase of park property nodded. Table II describes the formula or fee schedules used by all fourteen local governments for cash park dedications . In both Tables I and II the park dedication requirements are shown for both residential (single and multi-family) and commercial/industrial landuses . In contrast to the land dedication table, only four of the fourteen cities make use of a density based cash dedicatior formula for residential landuse. The more common method appears to be a flat fee base for residential landuse. For commercial/industrial landuses, the most common method used by local governments appears to be based upon a percentage of the total site to be required in either land or cash equivalent. A group of five cities use either a fee per acre basis (White Bear Lake, Woodbury, Eden Prairie) or fee based upon either square footage of the building or development site (Vadnais Heights, Eagen) . ANALYSIS Next an attempt was made to provide 'a perspective upon the various local government park dedication fees by using specific development examples. Table III presents three-different examples of actual developments, within the City of Vadnais Heights together with the actual or probable resultant park dedication. Example No.l is a single family residential development of 81 homes upon 42.84 acres. The park dedication for the City of Vadnais Heights was $ 33, 544 which falls in the upper half of the fourteen local governments surveyed. The amount of dedication by Vadnais Heights translates into $ 414 per home which is similar to the flat fee amounts used by a number of cities (Woodbury, Eagan, Eden Prairie, Coon Rapids) . Small residential developments (less than 5 acres, both single family and multi-family) in Vadnais Heights are not treated equitable as are larger similar developments which will be discussed later. The top half of the cities in Table III have cash dedication amounts which are nearly identical to the undeveloped land dedication amounts (equivalent cash values) . The lower half of cities, however, would find it particularily difficult to justify a taking of land instead of cash. A compounding problem for the upper half of cities is the value of the finished land in the above example. In this example, the land when finished with utilities and streets has sold for $ 55 -� 75,000 per acre (less the residence) and $ 150 - 300, 000 with the home!