Agenda - Parks and Recreation Commission - 09/22/1983

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It should be remembered thet the presemt perk ¢ormulm is a dirivetive o? a Stmte stmtumte, which mmnd~ted thmt m minimum o? 10 percemt o¢ the land or lamd value was necessmrg. It wms never intended thmt cities should 'be limited,to this ~tgure, but ms mlwmgs the old axius applies, the minimums become the m~ximums hms taken oVeP. For cleri?ication the figure suggested, expressed ms m decimml is .0025 or .25% - mhd is only m recommended ¢igure. The ¢ollowing tmble gives m rmnge of Cees on m typicm! building. $60,000 .25% $150.00 $60,000 .35% $210.00 $60,000 .15% $ ?0.00 $85,000 .15% $127.50 $&5,000 .25% $212.50 $85,000 .~5% $2~7.~0 This system will ~lso eliminate ~he need ~or periodic mdjustment because o~ i~lmtion, ms the building vmtue am determ i ned k,g the bu i l.d i ng o~ i c i el i s branded down bg the state and is adjusted ~or inflation periodicmll,~. It will eli;,linate the need to come ~;, with m new method tot mul~ip, le dwellings and high density residentlmt housing when they arrive in Rmmseg. It is also pointed out that Rmmsey is the only city with such diverse density requirements, under the countrot o? the metro council. I could not locate one City in the seven counties that had these restrictions. That is mot to smg ~heg don't exist.