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1Hakanson <br />Anderson <br />Assoc., Inc, <br /> <br />Engineers, Surveyors & <br />Landscape Architects <br /> <br />April 2, 1990 <br /> <br />Mro Ron Hetlund <br />Parks & Recreation Commission <br />Ramsey City Hall <br />15153 Nowthen Blvd. N.W. <br />Ramsey, MN 55303 <br /> <br />Sketch Plan Review of Cedar Acres Addition <br />for Park Dedication Requirements <br /> <br />Dear Mr. Hetlund: <br /> <br />'We have reviewed the proposed sketch plan for park dedication. The <br />proposed sketch plan indicates development at an urban density with <br />27 residential lots and one commercial lot of approximately one <br />acre. <br /> <br />The park dedication requirements at the proposed density is for 10% <br />of the land or cash in lieu of. Review of the trail and parks map <br />indicates that no land is proposed for parks use in this <br />development. We, therefore, recommend that park requirements be <br />met in cash. <br /> <br />The cash requirement is the greater of 10% of the fair market value <br />of the residential property or $500 per unit. The parks <br />requirement is 5% of the fair market value of commercial property. <br /> <br />At an estimated value of $4,000/acre for approximately one acre of <br />co~mercial, the parks requirement is $200.00. The residential <br />requirement for 27 units at $500.00 per unit is $13,500. Total <br />park dedication requirement is thus $13,700.00. <br /> <br />222 Monroe Street <br />Anoka, Minnesota 55303 <br /> <br />6)12/427-5860 Fax 612/427-3401 <br /> <br /> <br />