Laserfiche WebLink
POLICY <br /> FOR DETERMINING <br /> PARK DEDICATION <br /> LAND&FEE REQUIREMENTS <br /> The following policy has been approved by the City Council on November 6, 2007 to <br /> serve as the basis for determining the park dedication requirements in new subdivisions, <br /> as outlined in Section 9.10 of the Pequot Lakes Land Use Ordinance. <br /> Section 1. Purpose and Intent. The purpose and intent of this policy is to establish a <br /> procedure for determining and updating the park dedication requirements as contained <br /> in Section 9.10 of the City of Pequot Lakes Land Use Ordinance. <br /> Section 2. Land Dedication Formula. The City of Pequot Lakes will use the following <br /> formula to calculate the total park land dedication for new residential development <br /> within the City: <br /> Number of Units X Number of People X 0.016 acre _ Park Land <br /> in Subdivision Per Household (per capita share) DeAcation <br /> Area <br /> [Units] X [PPH] X [Share] = Park Land <br /> Dedication Area <br /> Where: <br /> [Units] = Number of units in the proposed subdivision <br /> [PPH] = Number of people per household, as determined by the U.S. <br /> Census Bureau or Minnesota State Demographer's Office, <br /> whichever is timelier <br /> [Share] = The per capita share of parkland, which is equal to the City's total <br /> parkland goal (15 acres per i000 residents) plus any existing <br /> shortfall in existing parkland <br /> Section 3. Cash in Lieu of Land Fee. The City of Pequot Lakes will use the following <br /> formula to calculate the total cash in lieu of land (park dedication) fee required for new <br /> residential development within the City: <br /> Number of Units Y Number of People Y Park <br /> in Subdivision /� Per Household /� Per Resident Fee - Dedication <br /> Fee <br /> [Units] X [PPH] X [Fee] = Park Dedication Fee <br /> Where: <br /> [Units] = Number of units in the proposed subdivision <br /> [PPH] = Number of people per household, as determined by the U.S. <br /> Census Bureau or Minnesota State Demographer's Office, <br /> whichever is timelier <br />