3B - Ordinance Amendment Establishing New Criteria for Park Dedication

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�. the following process with a full parks and open space plan, so that all park needs are assessed and direction is given to the City on how funds should be spent and where properties should be acquired. For data and analysis regarding how the proposed changes were developed, see previous staff reports from 2007. Proposed Ordinance Changes: The Staff proposes that the City provide credit for the preservation/restoration of open space by providing the applicant with a credit equal to 2.5% of the total area of land that has been set aside as open space. For a development that has set aside five (5) acres of open space,the developer would receive a credit equal to 0.125 acre toward the park dedication fee. Ordinance changes would include the following options for park dedication: 1. Dedicate or reserve a reasonable portion of land for parks, playgrounds, trails, or green space of sufficient size to meet the needs of the residents of the subdivision,up to 0.025 acres per resident expected in the development.The maximum value of the land that the Planning Commission may require shall not exceed 1o%of the estimated market value of the land at the time of the subdivision. 2. Make a payment of up to $650 per expected resident in the subdivision,with an average household size of 2.2 persons. 3. Make a combination of land dedication and cash payment to the City for parks and open space purposes reflecting the values contained herein. 4. An applicant may receive a credit toward the park dedication requirement equal to 2.5% of the buildable area of the open space set aside as part of the development. Specific proposed ordinance amendments include the following language, as shown, in Section 9.10(deletions are stricken,additions are underlined): 1. In accordance with the provisions of Section 462.358 of the Minnesota Statutes, or amendments thereto, the subdivider shall dedicate, to the public, lands for highway rights-of-way, street rights-of-way, utility easements, wetland easements, and similar lands required for perpetual and public improvements. 2. The City of Pequot Lakes finds it in the public interest and necessary to provide future parks, trails and other public open and recreational spaces for the citizens of Pequot Lakes. As such, In-addifiei+,--for every new subdivision of land involving three or more lots which are to be developed for residential purposes, the Planning Commission, with the concurrence of the City Council, shall require a payment or dedication to the City of any one of the following, to be reviewed on an annual basis at the beginning of each calendar year: a. A reasonable portion , =R4ieu-of a land dedication for conservation purposes or for public use as parks, recreational facilities, playgrounds, trails, wetlands, or open space, up to a'2 acres per resident expected in the proposed development, using the most recent average household size as determined by the Minnesota State Demographer's Office and the U.S.Census Bureau b. A payment of up to $-6go-per expected resident in the proposed subdivision using the most recent average household size as determined by the Minnesota State Demographer's Office and the U.S.Census Bure c. A combination of land dedication and cash payment o e ity for parks and open space purposes that reflects the values containA y rein and in the Cit ' _ Comprehensive Land Use Plan. ��. In no case shall the value of the dedication and/or park dedication fee imposed ef a Sum City of Pequot Lakes Staff Report 2-2 June 21,2007