Resolution - #00-02-052 - 02/22/2000

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• Councilmember Hendriksen introduced the following resolution and moved for its adoption: • • RESOLUTION FOR THE ACCOUNTING AND DISBURSEMENT OF PARK DEDICATION PROCEEDS WHEREAS, The City recognizes that parks and open space are essential to the health, welfare and quality of life of its residents; and and RESOLUTION #00 -02 -052 WHEREAS, these areas must be planned for, maintained and in some cases developed; WHEREAS, in the platting of land for subdivisions wherein land does not satisfy the park dedication requirements of City Code, cash is received in lieu of land; and WHEREAS, these proceeds must be accounted for and disbursed in an equitable manner; and WHEREAS, in 1992, a system was devised which created "Recreation Districts" which constitute 17 large neighborhoods for the purpose of long range recreation and open space planning; and WHEREAS, in addition to providing parks and natural areas within these Recreation Districts, the City must also provide community parks that provide opportunities Citywide. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That 50% of park dedication contributions will be retained within the District generating the cash — for improvements within or bordering that District. 2) That 50% of park dedication cash contributions will be retained in a "City -wide District" for capital improvements in any or all districts and for any park and trail projects. 3) That interest earnings on the Citywide District will be retained in that District. 4) That interest earnings over the aggregate of the 17 neighborhood Recreation Districts would also be applied to the Citywide District unless specified otherwise by year -end.