Laserfiche WebLink
<br />business park property. <br /> <br />Park Dedication Requirement: <br /> <br />Chapter 1204 of the Mounds View Municipal Code requires that all major subdivisions <br />and plats pay a park dedication fee. For developments encompassing more than one <br />acre of land, the fee amounts to ten percent of the associated land value. The table <br />below lists the land values associated with the Mermaid project and the amount of the <br />park dedication required for this project: <br /> <br />Mermaid Park Dedication Fee <br />SITE PIN MV Land*Area (SF)$ PSF <br />Music Off 10:083023430005 26,100$ 17,753 1.47$ <br />Halls:083023430006 261,600$ 82,842 3.16$ <br />083023430007 370,500$ 168,555 2.20$ <br />083023430008 68,000$ 40,521 1.68$ <br />Rent All 083023430009 79,300$ 41,854 1.89$ <br />Holding Pond Part of 083023430021 117,557$ 57,910 2.03$ <br />TOTAL:923,057$ 409,435 2.25$ <br />Park Dedication Fee:92,306$ <br />*Based on Market Value for Assessed Year 2000; For Property Taxes Payable 2001 <br />From this table, the fee that would be charged to the Mermaid for this plat would be <br />$92,306. <br /> <br />Planning Commission Review: <br /> <br />The Planning Commission reviewed the preliminary plat at their meeting on November <br />1, 2000. After some discussion regarding easements, legal descriptions and other <br />issues, the Planning Commission adopted Resolution 638-00, a resolution <br />recommending to the City Council approval of the MERMAID ADDITION preliminary plat. <br /> <br />Recommendation: <br /> <br />Staff and the Planning Commission recommend approval of Resolution 5482, a <br />resolution approving the preliminary plat for the Mermaid major subdivision, <br />with stipulations. <br /> <br /> <br /> <br />_____________________________________ <br />James Ericson, Planner <br /> <br />Attachments: <br />1. Planning Commission Resolution 638-00 <br />2. Mermaid Addition plat, date-stamped11/7/00 (Separate Attachment) <br />3. Resolution 5482 <br />