10/27/2004 Park Board Packet - Laserfiche WebLink

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• DETERMINING UNIT COSTS FOR PARK DEDICATION To complete the system per the 2004 Parks, Natural Open Space \Greenways and Trail System Plan (through 2020) an additional $9,516,000 of land, facilities, and trails will be needed. The cost of improvements to be made by future development amounts to $6,055,750. This includes the need for the City to acquire an additional 40.5 acres of land, park development, and about 25 miles of trails to accommodate its future population. Based upon Metropolitan Council population forecasts, it is expected that Lino Lakes will have 8,600 households by 2020. Since August, 2004 data indicates Lino Lakes has 5,684 households, there will be an additional 2,916 households built in Lino Lakes by 2020. Therefore, the park dedication unit cost amounts to $2,077 ($6,055,750 _ 2,916 households). • SUMMARY Case law in Minnesota Statutes provides that dedication requirements can only be applied to facilities that will be impacted by the specific project. Future park dedication fees cannot be utilized to improve or maintain existing park and trail systems in fully developed neighborhoods unless a correlation can be made between the development and park use. The amount of cash \land dedication required from new development must be proportional to the impact that the project will generate on the park and trail system. Therefore, staff is recommending that the park dedication fee be modified to $2,075 per unit. We are also recommending that the Commercial /Industrial Park Dedication remain at $2,175 per acre. In addition, staff is considering various methods in which park dedication fees are automatically adjusted annually based upon an inflationary factor. This would be included in the city's annual fee schedule and adjusted annually. Page 3 of 3