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PRC 1979 07 16 M I NUT E S ------- ~ Special Meeting Chanhassen Park and Recreation commission Chanhassen Elementary School Monday, July 16, 1979 Chairman Joe Betz called the meeting to order at 9:00 p.m. Members present: Pat Boyle, Phyllis Pope, Mary Muehlhausen, and Joe Betz. Pay Boyle made a motion to revise Ordinance 14-A to reflect a single percentage park charge applicable to commercial/industrial uses which shall be an amount equal to a percent of the value of the structures to be erected thereonas disclosed by the building permit application and site plan improvements. . The Park and Recreation Commission recommends. that the City Council establish the appropriate percentage to be between one half (~%) and three quarters (3/4 %) of one percent. Phyllis Pope seconded the motion. Notion passed. No negative votes. The following ex~~ple is offered as a representation of the current park charge as a percentage formula as applied to a recent indus-' trial building permit. Recent !ndti~trial Building $600,000 23,800 sq. ft. .3 $1800 .4 2400 .5 3000 ' .6 3600 .7 4200 .8 4800 .9 5400 ,.... . Average Hcx.lse 1979 $73,600 8-Um t Apartm;mt $225,000 .3% $220 .4 29~ .5 368 .6 441 . 7 515 . 8 583 .9 662 $ 675 = $ 84 900 = 113 1125 = 141 1350 = 169 1575 = 197 1800 = 225 2025 = 253 3Q. . '0 .4 .5 .6 .7 .8 .9 unit Industrial Building: .005 x 600,000 = $3,000 Park Charge .0075 x 600,000 = $4,500 Park Charge Buymg & B(frroivj;n~ Here are some recent figures on fir cia' trends affecting consumers and indi' ual investors. -oow JONES INDUSTRIALS- Closing: 833.53. Year earlier: 839.83. -MooDY'S CORPORATE YIELDS- Average for Aa-rated bonds: July 12: 9.470/0. Yedr earlier: 9.0:5% -FEDERAL RESERVE- Average bani< rate on consumer loa May: 13.7]'0/0. Year earlier: 13.290/... -FEDERAL HOME LOAN 8ANK- Average effective conventional mortgc rate on new homes. . June: 10.600/0. Year earlier: 9.46% Average price on new homes: June: $73,600. Year earlier: $62.600. Note: Should the council approve the increase in the residential ,.... charge from $235 to $300, this would equal an approximate .4% (from above schedule) cost of fee in comparison to construction (for residentialf. The Park and Recreation Commission takes exception to the City Managers memo of July 16, 1979. Subject: Western Hills Park Entrance. Bids were requested from multiple engineering firms addressing a ....." solution to the on going problem at Western Hills Park site after a long term of nonperformance by the city. The City Managers memo indicates that the City has sufficient expertise to manage and accomplish the required development program yet little or no progress is visible in the last two years. The Park Commission feels that a professional site development plan should now be prepared by the City for review by the Park and Recreation Commission. Phyllis Pope made a motion to have the city office prepare comprehensive plans for Western Hills Park to include grading, prainage, landscaping, estimated costs and a time table for completion of the project. Plans should be submitted to the Park and Recreation Commission for review by the first meeting in August, 1979. Mary Muehlhausen seconded the motion. Motion passed. Three yes, one no. The Park and Recreation Commission would like the City Manager to attend their August meeting. Ma~y Muehlhausen moved to adjourn. Phyllis Pope .seconded the motion. -' Meeting adjourned at 11:05 p.m. Respectfully submitted Francis Callahan Community Services Director ..."",I