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89-27 . e It CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: February 23, 1989 RESOLUTION NO: 89-27 MOTION BY: Johnson Boyt SECONDED BY: A RESOLUTION ESTABLISHING PARK DEDICATION FEES AND TRAIL DEDICATION FEES WHEREAS, the City determines park dedication fees based on land values, density, and a park acreage standard of 1 acre per 75 people. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen that park dedication fees collected with building permit fees be established as follows: Developments Whose Land Costs are $12,500/Acre or Less: Single family & duplex Multi family Commercial/Industrial $500/unit $350/unit $1,200/acre Residential Developments Whose Land Costs Are Hiqher Than $12,500: Density Units/Acre Percent of Land Value 0-2 9% 2-4 11% 4-6 13% 6-8 15% 8-10 17% 10+ 17% to 20% Commercial Developments Whose Land Costs Are Higher Than $12,500: 10% of cost per acre BE IT FURTHER RESOLVED that trail fees are established as 1/3 of the park dedication fee. Passed and adopted by the Chanhassen City Council this 27th day of February , 1989. ATTZl ~ Don Ashworth, City Manager _/'I ". YES NO ABSENT Chmiel Boyt Johnson Workman Dimler None