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1b. Establish 1995 Park and Trail FeesCITY OF CHANHASSEN l� 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317 (612) 937 -1900 • FAX (612) 937 -5739 MEMORANDUM TO: Don Ashworth, City Manager FROM: Todd Hoffman, Park and Recreation Director DATE: December 7, 1994 SUBJ: Establishment of 1995 Park and Trail Fees In 1994, the city's park and trail fees were raid m- response to an increase in land values. At 1994 rates, our park fees generate $22,5004for eery 25 single family home permit issued. These 25 homes equate to approximately 75 dew reddents who increase the need for active park space by one acre. (The city's standai for the 'ovision of parkland is one acre per 75 people.) Current land values for developable propert�,ithin the city range from a low of approximately $15,000 to an average higb'' of $30,000 1 ' The average of these extremes is $22,500, which equals the amount raid by the park fee from 25 homes. Land prices have certainly increased incrementally frorti 1994 values. Howlever, this increase has not been glaring enough to merit tinkenng pith the fees for 1995 n lieu of this, I am recommending any increases in park and trail es be deferred until 1996 ... RECOMMENDATION p. It is recommendhatbe,-�vtw,,voun "I d ail,ee s at their N 1994 rates as shown` bwthe attached Resolution No. 94 -10. � ' CPTY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: January 10, 1994 RESOLUTION NO: 94-10 MOTION BY: Senn SECONDED BY: Wing A RESOLUTION ESTABLISHING 1994 PARK AND TRAIL DEDICATION FEES WHEREAS, the City determines park dedication fees and trail 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 Chanhassen City Council that park and trail dedication fees collected with building permit fees be established as follows: Residential Single Family/Duplex Units $ 900.00 /unit Multi- Family /Apartment Units $ 790.00 /unit Commercial/Industrial Property $4,500.00 /acre Trail Dedication Fees One -third of the cost of park dedication fees Passed and adopted by the Chanhassen City Council this 10th day of.January, 1994. ATTEST: �i wn%_ ii WN AULF YES NO ABSENT Chmiel None None Dockendorf Mason Wing Senn