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_ _ <br />,.. . . <br />Diehl Minor Subdivision <br />November 7, 2001 <br />Page 2 <br />Park Dedication <br />This subdivision is subject to a park dedication fee requirement. The City's Subdivision Regulatzons <br />require that a park dedication fee be paid which is equal to ten percent (10%) of the assessed value of <br />the subdivided land (because the iot is geater than one acre), less that axea akeady improved with a <br />single family home. In this case, the fee would apply to the 30�474 square feet of Iand far parcel "B". <br />The assessed land valne for the lots are 77 cents per square foot, which would translate into a value <br />of $23,465. The appropriate fee is $2,346. <br />Park Dedication Fee Calculation <br />Existing Lot <br />Total value per sq. ft. <br />Proposed Parcel B <br />Park Dedication Fee <br />(90% of Parcel "B" value <br />* Source: Ramsey County Tax Assessor <br />Recommendation <br />Land Value* Area s. ft. <br />$ 48,900 63,310 <br />$ 0.77 <br />$ 23,4fi5 <br />$ 2,346 <br />30,474 <br />The Planning Coznmission should review the revised Certificate of Survey and consider any public <br />input regarding this request. Resolution 677-01, a resolution recornmending approval of the request, <br />is included with this report and may be acted on if the Planning Commission feels that approval is <br />the appropriate action. <br />!, � � . <br />C �--- <br />Jim Atkinson <br />Planning Associate <br />763-717-4022 <br />Attachments: <br />1. Site Plan <br />2. Legal Descrip#ion for proposed Parcel "B" <br />3. Resolution 677-01 <br />== - .l <br />