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MEMO <br /> To: Matt Fulton <br /> CC: Dan Maiers <br /> David Black <br /> Patrick Boylan <br /> From:Steve RymeS- <br /> Date: August 3, 2004 <br /> Re: Commercial/Industrial Park Land Dedication Fees <br /> Introduction <br /> I am recommending that the City Council considers implementing <br /> Commercial/Industrial Park Land Dedication Fees. My recommendation is based <br /> on the fact that in order to adequately provide quality parks, open space, and <br /> trails for the New Brighton community, all potential revenue sources should be <br /> utilized. <br /> Background <br /> Historically, the City has only charged park land dedication fees for residential <br /> development. Chapter 26, Article 4, of the City Code regulates park land <br /> dedication and states: <br /> (7) Cash Contributions. <br /> A. Cash contributions for single-family residential development will be due <br /> and payable at the time of final plat approval. Cash contributions will be <br /> based on the number of new lots created. <br /> B. Cash contributions for multi-family residential development will be due <br /> and payable at the time of building permit issuance. For multi-family <br /> residential development, the applicant will execute a document in a form <br /> satisfactory to the City Attorney which acknowledges the obligation to pay <br /> these fees at the time building permits are secured. Such documents shall <br /> be in recordable form and any fee charged in connection with the filing <br /> thereof shall be paid by the applicant. Cash contributions for multi-family <br /> residential developments will be based on the number of units in the <br /> complex. <br />