Item Coversheet

5.A.


Shakopee Park and Recreation Advisory Board
June 12, 2017

FROM: Jamie Polley 
TO:Parks and Recreation Advisory Board
Subject:
Park Dedication Fee Revisions
Policy/Action Requested:
Recommend to the City Council revisions to the park dedication fees required for single family, multi-family and commercial/industrial development.
Recommendation:
Approve the action requested
Discussion:

Development is increasing within the city and many of the city fees are under review. The current park dedication fees have not been revised since 2005. Revisions to the fees have been recommended over the last 10 years however the fees remain unchanged. There is a potential for a number of higher density housing projects which have encouraged the city to review the park dedication fees. In many studies the city's park dedication rate is higher then average for both single family ($5,340/unit) and multi-family ($4,450/unit) residential housing development and below average for commercial/industrial ($6,930/acre) development.

 

The park dedication fees collected are used to construct new parks within the city for the residents of Shakopee to enjoy. The city also wants to encourage development that offers the residents nice places to live and work. To find the balance between the fees needed to construct the park system and encouraging development, data was collected for a number of metropolitan cities including 10 cities that have been designated as comparable cities to Shakopee.

 

The board will be presented with the data findings and fee recommendation at the meeting for review and an in-depth discussion.

Budget Impact:
Revising the park dedication fees is anticipated to have a positive impact on development within the city resulting in increases park dedication revenue. More specific budget impacts will be presented to the board at the meeting.