Laserfiche WebLink
PARK DEDICATION FEES <br /> FOR AREA CITIES-2022 <br /> Elk River <br /> Residential No Change <br /> Low Density(4 DU/acre) $1,425.93/dwelling unit <br /> Medium Density(4 to<7 DU/acre $1075.79/dwelling unit <br /> High Density(>7DU/acre) $4,897.04/dwelling unit <br /> The park dedication fee for high-density residential projects shall be capped at$500,000.00 <br /> Commercial 8%of county assessed value of property <br /> Industrial 6%of county assessed value of property <br /> Otsego Park Land Fee in Lieu of Land Dedication: No Change <br /> Residential Development $2,880.00/du <br /> Commercial Development $7,000.00/gross acre <br /> Rogers Residential $3,500.00 per dwelling unit No Change <br /> Commercial $7,000.00 per acre <br /> Industrial $5,000.00 per acre <br /> St.Francis Park Dedication $2,500.00/Lot No Change <br /> Ramsey Park Dedication-Cash Contribution:Residential Unit Including Townhomes and Apartment Units $3,500.00/dwelling unit <br /> Park Dedication-Cash Contribution:Residential Unit Exceed 12+units per acre 7.5%Discount/$3,237.50 <br /> Park Dedication-Cash Contribution:Residential Unit Exceed 20+units per acre 15%Discount/$2,975.00 <br /> Park Dedication-Cash Contribution:Commercial/Assisted Living Facilities $5,100.00/acre <br /> Park Dedication-Cash Contribution:Industrial $4,375.00/acre <br /> Park Dedication-Land Contribution:Residential 0-3.0 dwelling units per acre 10%of land <br /> 3.1-5.0 dwelling units per acr 15%of land <br /> 5.1+dwelling units per acre Add.5%for each over 5 <br /> Park Dedication-Land Contribution:Commercial/Industrial/Assisted Living Facilities 5%gross land area <br /> Park Dedication-Land Contribution:Planned Unit Developments(public open space/rec.uses-not including wetlands) 10%gross land area <br /> $2,800.00 dwelling unit <br />