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As mentioned above, Park Dedication and Trail Fees have been 'static' for several years. This reflected depressed <br />land values and little development activity associated with the Great Recession. As these trends are reversing, and <br />new 'demand' for parks and trails is at the same time being created by increased development - it is appropriate for <br />the Commission to recommend to City Council the aforementioned rate structure for 2014, and thus the purpose of <br />this case. <br />Funding Source: <br />N/A <br />Staff Recommendation: <br />Staff recommends amending the cash Park Dedication rate per residential unit approximately 5 percent from $2,475 <br />(existing rate) to $2,600 - with no increase for the commercial/industrial subdivision of land. <br />Trail Fees are recommended to be increased from $600 to $700 per residential dwelling unit, again with no <br />proposed changes to commercial/industrial land uses. <br />Action: <br />Motion to recommend to City Council a 2014 cash Park Dedication rate per residential unit of $2,600 - with no <br />increase for the commercial/industrial subdivision of land. <br />-and- <br />Trail Fees to be increased from to $700 per residential dwelling unit, with no proposed changes to <br />commercial/industrial land uses above the 2013 rates. <br />2012 Park Dedication Survey <br />2013 Area Survey <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Grant Riemer Grant Riemer 07/31/2013 07:49 AM <br />Form Started By: Mark Riverblood Started On: 07/30/2013 10:56 AM <br />Final Approval Date: 07/31/2013 <br />