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Planning Case MA2014-003 October 13, 2014 Page 2 Park Dedication Requirements: The Subdivision Code indicates that any subdivision of land is subject to a park dedication fee. The dedication imposed is intended to mitigate public costs to the parks system associated with land development. The fee shall be based on the extent of the development. For major subdivisions, the park dedication fee is typically equal to 10% of the market value of the land. To establish the market value, staff uses Ramsey County assessed values as the basis for dedication computation. 2013 is the most recent year that Ramsey County has available for market values. The 2013 Ramsey County determined land market value for the area that is being purchased is $4.49 per square foot. The development area is 257,074 square feet x $4.49/sq. foot = $1,154,262 land value. The dedication amount then would be 10% of the determined land value which would equal $115,426. Utilities: All utilities on the site must be installed underground, per Section 1203.10. Water and sanitary sewer connections are available and will be installed during construction of the BioLife building. Wetlands: The National Wetlands Inventory Map and the City’s official Wetland Zoning Map identify no wetlands within the property boundary. The applicant has received their permit from Rice Creek Watershed District. Recommendation: Hold the public hearing and take testimony from staff, the applicant and the public. Review the plans and discuss the proposed preliminary plat. Staff review revealed no deficiencies at this time and thus Resolution 8305 approving the preliminary plat has been drafted for action if the Council so desires. Respectfully Submitted By, Heidi Heller Planning Associate Attachments: 1. Aerial View 2. Final Plat 3. Resolution 8313