Parks Packet 11.17.21 - Laserfiche WebLink

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• The Parks Capital Improvement Plan and Parks, Trails, and Open Space Plan guide how the Special Park Fund shall be used. • The sliding scale of land and per unit fee allows park dedication to be charged based on the fair market value of the unplatted land. Developments of a similar land use and property value are charged park dedication similarly. • There shall be a nexus between park dedication collected and the need generated by the development 7. PARKS COMMISSION DISCUSSION: At their meeting of October 20, 2021, The Parks Commission reviewed a comparison of fees among cities with similar populations and cities with similar growth rates. They also looked at the amount of park dedication (fee and land) that has been received with recent developments. Lastly, they looked at the developable acres and park needs outlined in the Comprehensive Plan. The Parks Commission discussed that the fee should be increased by $1,000, effective in 2022. The following points were discussed that led to their recommendation: • Developments should pay for the need for new parks they generate in the Hugo parks system • The fee has not changed since 2005 • Costs of park construction have increased • Property values in Hugo have increased • Costs of purchasing park land have increased • Costs of residential construction have increased resulting in increased home prices • An increase in park dedication would also be passed on to residents • Residential growth continues at the increased home price • The proposed increase would put Hugo's fee in line with cities of a similar population • The proposed increase would put Hugo's fee just below average compared to cities of a similar growth rate 8. RECOMMENDATION: The Parks Commission recommends that the City Council increase the park dedication fee to $3,400 with the 2022 fee schedule. The new fee will not be retroactive and will not apply to existing lots of record or to property that is subject to a development agreement approved prior to January 1, 2022. -5- Park Dedication Fee November 15, 2021