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WS Item #9 Lino Lakes Public Services Department 600 Town Center Parkway Lino Lakes, MN 55014 (651) 982 -2440 Fax (651) 982 -2439 www.ci.lino - lakes.mn.us July 7, 2008 TO: Mayor Bergeson and City Council Members FROM: Rick DeGardner, Public Services Director SUBJECT:Propose Changing Park Dedication Fees RECOMMENDATION Staff is recommending the current park dedication fee schedule be amended as follows: ❖ Residential - Increased from $2,075 to $2,500 per unit ❖ Commercial /Industrial - Remain at $2,175 per acre BACKGROUND As part of the City Council's 2008 Goals, staff was directed to review the current Park Dedication Ordinance and prepare /present any proposed changes to the City Council for approval. Based on the current Parks, Natural Open Space \Greenways and Trail System Plan, the total value of the parks and trails system (existing and future) amounts to $41,942,900. Assuming a total of 17,068 households at full build -out, the per unit "park dedication" equates to $2,457 per unit. The following assumptions were made: • Land values are calculated at $55,000 per acre • The Parks, Natural Open Space /Greenways and Trail System Plan envisions eleven future parks (land and development), an additional 28 miles of destination trails (including boardwalk), and 15 miles of new linking trails • Future estimated construction costs for destination trails (including several boardwalk sections) are $343,200 per mile, linking trails are $211,200 per mile • It is assumed that all open space and greenway corridors will be addressed within each development and is not part of this analysis • Funding for development of the recreation complex is not included. It is assumed that a large -scale recreation complex would be subject to a referendum, not general funds or park dedication funds The attached report illustrates the methodology used leading to the proposed adjustments to the current park dedication fee structure. The Park Board reviewed /discussed the attached analysis at the February Park Board meeting. If the City Council is comfortable with the rate increase, staff will proceed with implementation.