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HomeMy WebLinkAbout6.r. Amendment to the 2017 Schedule of Rates and Fees – Park Dedication Fees EXECUTIVE SUMMARY City Council Regular Meeting: June 20, 2017 AGENDA ITEM: Amendment to the 2017 Schedule of Rates and Fees – Park Dedication Fees AGENDA SECTION: Consent PREPARED BY: Dan Schultz, Parks and Recreation Director AGENDA NO. 6.r. ATTACHMENTS: Summary of the Land Value Market Study APPROVED BY: LJM RECOMMENDED ACTION: Motion to approve resolution amending the 2017 Schedule of Rates and Fees. ISSUE The Parks and Recreation Commission recently reviewed and subsequently recommended that the City adjust our parks dedication collection methods and residential dedication fees. The review was done in part because of a complaint we received from a developer who was bringing forward a high density development project. The developer felt it was unfair to charge a one-bedroom apartment the same parks dedication as a four-bedroom home. The City currently collects the same dedication fees for all unit types. The topic of parks dedication collection methods is being addressed with a different agenda item. With regards to the parks dedication fees that we collect, they were last studied and adjusted in 2010. Our current fees are listed in Table A. Because staff is recommending we change our parks dedication collection methods to have different collection requirements for low, medium and high density developments, staff is recommending we do the same for the dedications fees. Both the Commission and City Council recommended that we hire a consultant to prepare a Value Market Study to help us set our parks dedication fees because they are based on land values. The Land Value Market Study showed that there is a clear difference in land prices for varying types of density levels. With that being said, staff is recommending that we set a per acre parks dedication fee for low, medium and high density developments. Staff is recommending that the City amend the 2017 Fees and Fee Policy for the parks dedication fees and use the fees listed below in Table B. The Parks and Recreation Commission had a different recommendation, see Table C, but staff believes the fees in table B are more development friendly. TABLE A Current Fees density units/acre dedication per unit land value per acre cash dedication/unit All densities N/A .04 acres per unit $85,000 $3,400 TABLE B Staff’s Proposed Fees density units/acre dedication per unit land value per acre cash dedication/unit Low density 1 to 5 units/acre .04 acres per unit $85,000 $3,400 Med density 6 to 12 units/acre .03 acres per unit $95,000 $2,850 High density 12 to 30 units/acre .02 acres per unit $125,000 $2,500 TABLE C Parks Commission Proposed Fees density units/acre dedication per unit land value per acre cash dedication/unit Low density 1 to 5 units/acre .04 acres per unit $85,000 $3,400 Med density 6 to 12 units/acre .03 acres per unit $105,000 $3,150 High density 12 to 30 units/acre .02 acres per unit $145,000 $2,900 BACKGROUND The City of Rosemount recently hired Evergreen Land Services to conduct a Land Value Market Study to assist the City with setting our parks dedication fees. At the City’s request, Evergreen has gathered land sales information within the City of Rosemount and surrounding communities and prepared a market study analysis. The market study is based on sales that are considered market qualified. Transactions that appeared to be between related parties, older contract for deeds that were finalized, or sales influenced by atypical market motivations were excluded from this study. SUMMARY Staff is recommending that the City Council consider amending our fees and fee policy to adjust our parks dedication by adopting the fees as listed below: Low density Residential $85,000 per acre/$3,400 per unit Med density Residential $95,000 per acre/$2,850 per unit High density Residential $125,000 per acre/$2,500 per unit CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2017 - _____ A RESOLUTION AMENDING THE 2017 SCHEDULE OF RATES AND FEES WHEREAS, the City Council has reviewed the 2017 Schedule of Rates and Fees and recognizes the need to amend certain rates and fees for 2017; and THEREFORE, BE IT RESOLVED by the City Council of the City of Rosemount, that the 2017 Schedule of Rates and Fees shall be amended as shown; IV. PARK DEDICATION FEES A. Park Dedication Fees Park dedication fees are outlined in City Subdivision Ordinance and City Ordinance No. XVII.103 and .107 which state: In all new residential subdivisions, the City shall require that a sufficient portion of such land be set aside and dedicated to the public for parks, playgrounds or other public use exclusive of property dedicated for streets and other public ways. It shall be presumed that a sufficient amount of land has been dedicated for parks and playgrounds for the present and future residents of the subdivision, if the subdivider dedicates at least 1/25 of an acre per dwelling unit that can be constructed in the subdivision. The City upon consideration of the particular type of development proposed in the subdivision may require larger or lesser amounts of land be dedicated if the City determines that the present and future residents of the subdivision would require greater or lesser amounts of land for such purposes. The City shall determine whether cash in lieu of land dedication is more appropriate. The amount of cash dedication shall be determined by multiplying the number of acres otherwise required to be dedicated by the average value of comparable undeveloped land set by resolution by the City Council. In all new commercial and industrial subdivisions, it shall be presumed that a sufficient amount of land has been dedicated to serve the needs of the resident and working population if the sub divider dedicates at least ten percent (10%) of the land in the subdivision for parks, recreation and usable open space. The City upon consideration of the particular type of development proposed in the subdivision may require larger or lesser amounts of land to be dedicated if it determines that the present and future residents of the subdivision would require greater or lesser amounts of land for such purposes. The City shall determine whether cash in lieu of land dedication is appropriate. The amount of cash dedication shall be determined by multiplying the number of acres otherwise required to be dedicated by the average value of comparable undeveloped land set by resolution of the City Council. Land Values for the dedication of land and/or cash contribution: New residential subdivision $85,000 per acre Low density Residential $85,000 per acre/$3,400 per unit Medium density Residential $95,000 per acre/$2,850 per unit High density Residential $125,000 per acre/$2,500 per unit Commercial subdivision $90,000/acre Industrial subdivision $50,000/acre Business Park development $85,000/acre ADOPTED this 20th day of June, 2017, by the City Council of the City of Rosemount. William H. Droste, Mayor ATTEST: Clarissa Hadler, City Clerk