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Maintain and plan for infrastructure improvements including waste water, water, & <br />transportation. <br />Financial Impact: <br />Park Dedication Fees is a significant income source for park facilities. <br />Recommendation: <br />Staff is suggesting that Mounds View charge a flat fee between $3,000 and $4,000 per <br />residential unit, and maintain a commercial/industrial fee of 10% of the EMV of land. This <br />change would take effect with the 2020 Fee Ordinance. Because the City and INH Properties <br />have agreed in good faith, on preliminary plans for Crossroad Pointe, Staff does not recommend <br />introducing a substantial expense at this stage. <br />Estimated Park Dedication Fees: <br />Current (10% EMV) <br />$3,000 p/DU <br />$4,000 p/DU <br />Long Lake Woods Second Add (12 units) <br />$35,955 <br />$36,000 <br />$48,000 <br />Crossroad Pointe (128 units) <br />$110,000 <br />$384,000 <br />$512,000 <br />Skyline Motel (Commercial) <br />$69,780 <br />- <br />- <br />Staff is requesting that the City Council provide direction. If consensus, then any changes will <br />be incorporated into the 2020 Fee Ordinance. <br />ATTACHMENTS <br />1. Park Dedication Fee (Fee if Mounds View project was built in the respective City) <br />Respectfully, <br />4.„asly <br />Jon Sevald, AICP <br />Community Development Director <br />The Mounds View Vision <br />A Thriving Desirable Community <br />