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MAY -24 -2001 11:14 NHL <br />b1G J7J 7f7Jr r.YJC�1J <br />INORTIWINIEST A$$OCMil1!ID CONSULTANT$,, 1 4 <br />5775 Wayzata Boulevard, Suite 555, St. Louis Park, MN 55416 <br />Telephone: 952.595.9636 Facsimile: 952.595.9837 planners@nacplanning.com <br />MEMORANDUM <br />TO: Jeff Smyser <br />FROM: Alan Brixius <br />DATE: May 24, 2001 <br />RE: Lino Lakes - Park and Trail Dedication <br />FILE NO: 194.02 - 01.03 <br />BACKGROUND <br />At the May 23, 2001 City Council workshop, Council member Donna Carlson inquired how <br />the new per unit park dedication fee of $1,380 compared to current collections. <br />The current park dedication formula requires single family subdivisions to provide a 10 <br />percent land dedication or 10 percent of the land value. This formula is shown below: <br />Cash <br />Average Land Average Density Contribution <br />Value (year 2001) (2.1 units per acrel Per Year <br />$28,000 X 10% = $2,800 T 2.1 = $1,333.00 <br />The proposed park dedication of $1,380 is $47 higher than current collections. The <br />$1,380 was generated by assuming $2,614 per acre for commercial /industrial properties. <br />If the City Council wished to place a greater burden for park land dedication on residential <br />growth, an adjustment may be considered as follows. <br />This adjustment would serve two objectives: (1) The residential growth which stimulates <br />the greater park demand would carry more of the financial responsibility. (2) The lower <br />park charge on commercial /industrial lands will help in economic development efforts. <br />• <br />