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HomeMy WebLinkAboutItem 03LakevrJle Memorandum To: Mayor, City Council and City Administrator From: Brett Altergott, Parks & Recreation DirectofS4 Date: February 21, 2013 Subject: Commercial/industrial Park Dedication— Review of Recommendations by Committees City of Lakeville Parks & Recreation In January the Parks, Recreation & Natural Resources Committee, Planning Commission and Economic Development Commission reviewed the Commercial /Industrial Park Dedication Fee report developed by The Planning Company (TPC). (EXHIBIT A) At each of these meetings, Dan Licht of TPC presented the findings and answered any questions raised by committee members. According to the report, the City of Lakeville could increase its Commercial /Industrial Park Dedication fees based upon the findings of the TPC report. However, it is the recommendation of all three committees to keep the Commercial /Industrial Park Dedication fees the same for 2013 and review the fees annually as part of the budget process. Attached for your review are the minutes from the each of those meetings. (EXHIBITS B, C & D) EXHIBIT A TPC 3601 Thurston Avenue N, Suite 100 Anoka, MN 66303 Phone: 763.231.6640 Facsimile: 763.427.0620 TPC@PlanningCo.com MEMORANDUM TO: Steven Mielke, City Administrator FROM: D. Daniel Licht, AICP DATE: 9 January 2013 RE: Lakeville — Commercial /Industrial Park Dedication TPC FILE: 135.01 - 11.03 BACKGROUND The City of Lakeville initiated a review of park dedication requirements applicable to new subdivisions as provided for in Section 10 -4-8 of the Subdivision Ordinance to ensure consistency with requirements established in State Statute. The City Council, at their meeting on 4 June 2012, approved an ordinance amending the Subdivision Ordinance to establish park land dedication requirements for all uses and cash fees in lieu of land dedication for residential uses. The City Council also directed that a review of park dedication fees in lieu of land for commercial and industrial uses be undertaken. While the statutory methodology for determining park dedication fees is the same for residential, commercial and office uses, the initial park dedication study indicated that the same approach could not be used to establish the average land values for the separate land uses. Whereas residential land demonstrated consistent pattern of adjustments to land market values by the County Assessor's Office over time, the County Assessor's adjustments to values for commercial and industrial land have not followed the same consistent pattern for undeveloped commercial and industrial properties. For this reason, the City Council engaged the consultation services of an appraiser to establish an average fair market value for undeveloped commercial properties and a separate average fair market value for industrial properties. Exhibits: A. Patchin Messner Dodd & Brumm Memorandum ANALYSIS State Statute. Minnesota Statutes 462.358, Subd. 2b enables the City to require dedication of a portion of a subdivision to the public for parks, recreational facilities, playgrounds, trails, wetlands or open space. Minnesota Statutes 462.358,Subd 2c. further requires that there be an essential nexus between the dedication of land or payment of fees based upon the City's purpose for the dedication and that the dedication or fee must be roughly proportional to the need created by the development and, where fees are to be dedicated in lieu of land, that the fee be based on the average fair market value of unplatted land. A map illustrating the properties within the MUSA and MUSA Expansion Area A meeting these criteria guided for commercial, office and industrial land use by the 2008 Comprehensive Plan is attached hereto for reference. Projected Growth. The table below outlines the projected population, household and employment growth for Lakeville through 2030 adopted as part of the 2008 Comprehensive Plan. The cumulative population and employment numbers indicated a percentage divide of 81 percent population to 19 percent employment. By 2030, the percentage of employment will increase to approximately 24 percent of the total of population and households. In discussing the initial demographic planning for the 2040 Metropolitan Area plan, the Metropolitan Council indicates that the development downturn in the latter portion of the previous decade will setback growth projections by as many as ten years. However, as noted during the discussion of the residential park dedication requirements, the implementation of the 2006 Parks, Trails and Open Space Plan and 2008 Comprehensive Land Use Plan are not dependent on a specific timeframe and that both the development and population /employment will occur. Parks, Trails and Open Space Plan. The City's Parks, Trails and Open Space Plan, updated in 2006, establishes the planned development and continued buildout of the parks and trails system taking into consideration projected population, household and employment growth, national standards for park system facilities and community priorities. The development of system improvements set forth by the Parks, Trails and Open Space Plan is dependent upon dedication of land or payment of cash fees in lieu of land dedication at the time of final plat approval for new subdivisions. 2 City of Lakeville Population, Household and Employment 1990— 2030 Actual Estimates/Pro ections 1990 2000 2010 2005 2010 1 2020 1 2030 Households 7,851 13,609 18,683 16,905 20,200 28,400 33,500 Population 24,854 43 55,954 52,466 59,500 78,400 88, 800 1 - Employment 6,563 9,885 13,862 13,219 18,503 22,945 27,387 Source: 2030 Lakeville Comprehensive 2010 Census Metropolitan Council Land Use Plan, 2006 Parks, Trails and Opens Space Plan, Parks, Trails and Open Space Plan. The City's Parks, Trails and Open Space Plan, updated in 2006, establishes the planned development and continued buildout of the parks and trails system taking into consideration projected population, household and employment growth, national standards for park system facilities and community priorities. The development of system improvements set forth by the Parks, Trails and Open Space Plan is dependent upon dedication of land or payment of cash fees in lieu of land dedication at the time of final plat approval for new subdivisions. 2 Lakeville had 1,551 acres of park land in 2005. The 2006 Parks, Trails and Open Space Plan recommends acquisition of up to 481 acres of additional active park land for a total system of 2,032 acres, which would not include additional greenways or conservancy areas. Based on the recommendations of the 2006 Parks, Trails and Open Space Plan, it is possible to allocate specific demand for additional park areas proportionally to future development based on adopted population, household and employment projections. An analysis completed by the City of Bloomington indicated that 90 percent of the demand for park land is generated by residential uses and 10 percent is attributed to commercial or industrial uses. City of Lakeville 2012 Parks, Trails and Opens Space System $7 /net acre Acrea a Per Ca Ita/Employment $4,558 /net acre 2030 2030 Population/ Acres/ Proportional Employment Capita or Acres Employment Residential 1829ac. 88,800 0.021 Commercial /Industrial 203ac. 27,387 0.007 Source: 2006 Lakeville Parks, Trails and Open Space Plan, 2030 Comprehensive Land Use Plan Metropolitan Council TPC The 2030 Land Use Plan projects development of 3,094 acres of such uses by 2030. The estimated density of employees in 2030 is therefore 8.85 employees per acre (27,387 employees /3,094 acres). Multiplying the estimated density of employees by the commercial/industrial per capita acreage demand of 0.007 equals a park dedication share of 0.06 per acre of development (8.85 employees per acre x 0.007 acre of park land per employee). Current Dedication Requirement. The City Council approved an ordinance on 4 June 2012 establishing that for commercial or industrial subdivisions where a land dedication is required, six percent of the buildable land being subdivided is to be dedicated. The dedication of land is based on the acreage of land guided for commercial and industrial land uses by the 2030 Land Use Plan, projections of existing /future employment populations within the City to 2030 and the amount of park land guided by the Parks and Trails System plan attributable to commercial and industrial users. Note the 2006 Parks, Trails and Open Space plan does not designate acquisition of future park land within areas guided for commercial, office or industrial land uses. The current cash fees in lieu of land dedication for commercial and industrial uses established in Section 10 -4 -8.J of the Subdivision Ordinance are shown below. These fees were established based on a detailed study of planned park capital improvements and land acquisition undertaken by the Parks, Recreation and Natural Resources Committee and Economic Development Commission and approved by the City Council. The current fee schedule has not been adjusted since 2007. Land Use ^ I 2012 Commercial $7 /net acre Industrial $4,558 /net acre Cash Fee In Lieu of Land Dedication. The City may elect to receive payment of a cash fee in lieu of land for all or a portion of a specific development's park dedication requirement. City staff interprets the Statute provisions outlined above literally that the cash fee in lieu of land must be calculated specific to the amount of land to be dedicated and the value of the land required to be dedicated outlined in the following formula applicable to all land use types: Acres Required to Dedicate x Land Value = Cash Fee In Lieu of Land The ordinance amendment approved by the City Council on 4 June 2012 established a methodology to determine park land dedication factor by land use, including commercial and industrial uses, to be used in the formula above. The consultation obtained from the appraiser contracted by the City provides guidance on the average fair market value of undeveloped land guided for commercial, office and industrial land uses. For the purposes of this study, parcels guided for office land uses by the 2008 Comprehensive Plan are grouped with industrial land uses in terms of establishing an estimate of average fair market value based on similar land use characteristics. The findings of the appraiser's analysis yield the following mean and median land values: City staff is recommending that the City utilize the median values determined by the appraiser as the basis of establishing park dedication fees as this number will ensure that the results aren't influenced one way or another by the specific values and number of parcels in the survey sample. Commercial I Office /Industrial Mean $234 907 /ac. $5.39 /s.f. $121 694 /ac. $2.79/s.f. Median $199,414/ac. $4.58/s.f. $102,807/ac. $2.36/s.f. Source: Patchin Messner Dodd 8 Brumm City staff is recommending that the City utilize the median values determined by the appraiser as the basis of establishing park dedication fees as this number will ensure that the results aren't influenced one way or another by the specific values and number of parcels in the survey sample. Community Survey. Communities within Lakeville's region of the Twin Cities Metropolitan Area were surveyed for park dedication fees, with this information shown below. This information is not to be used in establishing dedication requirements in Lakeville. However, the information is useful for comparison purposes to ensure that the City's dedication fee does not put it at a competitive disadvantage with comparable communities in the region relative to economic development objectives. 0 Commercial Officeli ndustrial Median Value $199,414/ac. $102,807/ac. 6% Dedication $11,965/ac. $6,1681ac. Current fee $7,693/ac. $4,558 /ac. Change +$4,272/ac. +1,610/ac. Source: Patchin Messner Dodd 8 Brumm Community Survey. Communities within Lakeville's region of the Twin Cities Metropolitan Area were surveyed for park dedication fees, with this information shown below. This information is not to be used in establishing dedication requirements in Lakeville. However, the information is useful for comparison purposes to ensure that the City's dedication fee does not put it at a competitive disadvantage with comparable communities in the region relative to economic development objectives. 0 COMMERCIAL city Park Fee In Lieu of Land Rosemount $4,500 /ac. Shakopee $6 390 /ac. Lakeville (existing) $7,693 /ac. Savage $8,397/ac. Lakeville maximum $11 C. Burnsville $16 000 /ac. Apple Valley Formula based on land value of $260,000 /ac. Eagan $869 /sf. of building area Farmin ton Appraised value of specific arcel INDUSTRIAL city Park Fee In Lieu of Land Rosemount $2,500 1ac. Lakeville (existing) $4 558 /ac. Lakeville maximum $6,168 /ac. Shakopee $6,390 /ac. Savage $8,397/ac. Burnsville $11 000 /ac. Apple Valley Formula based on land value of $100,000 /ac. Eagan $236/sf. of building area Farmington Appraised value of specific parcel Options, Based on the preceding analysis City staff is seeking recommendation from the Parks, Recreation and Natural Resources Committee, Economic Development Commission (EDC) and Planning Commission as to the establishment of park dedication fees for commercial and office /industrial land uses. City staff has outlined the following options for discussion and consideration: The technical analysis of the Statutory method for determining park dedication requirements supports the City increasing its park dedication fees for commercial and office/industrial land uses to $11,9651ac. and $6,168/ac. respectively. This would result in an increase of $4,272/ac. (55 %) for commercial properties and $1,610/ac. (35 %) for industrial properties. 2. The technical analysis of the land and cash -in -lieu of land dedication provides a ceiling, or maximum, for what the City may require of commercial, office or industrial developers. The City Council, with recommendations from the Park, Recreation and Natural Resources Committee and EDC may establish lesser dedication requirements for land, cash or both. This is especially true for commercial and industrial development given the competitive nature of economic development. The City has had a practice of collecting lower park dedication fees for commercial and industrial development as incentive to encourage such development in Lakeville (as is the case with the current fees established in 2007). 6 3. An increase in park dedication fees for commercial and office/industrial uses may be phased in over several years stepping up from the current fees to that which the technical analysis indicate is justified based on current market value information. Regardless of the policy decision made in setting the park dedication fees for commercial and officetindustriai uses, City staff recommends a mechanism be established for periodic or annual adjustments in the base value in accordance with the average change in the Dakota County Assessor's estimated market value for the qualified properties (as was proposed for residential uses). The City could seek additional consultations from an appraiser when more significant changes in property values are believed to have occurred. RECOMMENDATION Following past practice of collecting lower park dedication fees for commercial and industrial development as an incentive to encourage such development in Lakeville, staff recommends that the fees be set below the maximum allowable but not less than the current fees. Further, the fees should be reviewed on a regular basis. PROCESS_ The information outlined herein will be presented to Parks, Recreation and Natural Resources Committee, the Economic Development Commission and Planning Commission. City staff is requesting a recommendation from each advisory body as to the approach to be taken in regards to changes to the park dedication fees for commercial and office/industrial land uses. These recommendations will be forwarded to the City Council at a work session before initiating the process to formally amend the park dedication requirements as may be directed. C. Roger Knutson, City Attorney Dennis Feller, Finance Director Daryl Morey, Planning Director David Olson, Community and Economic Development Director BrettAltergott, Parks and Recreation Director H PATCHIN MESSNER DODD & BRUMM VALUATION COUNSELORS MEMORANDUM To: Mr. Dennis Feller, City of Lakeville From: Jason L., lylessner, MAI, and Randy J. Deones Date: January 10, 2013 Subject: Average fair market value of un- platted land At your request, this memorandum is intended to summarize our research and analysis of commercial and industrial land sales in Dakota County and surrounding areas in order to arrive at an indication of average market value for un- platted land in the City of Lakeville. Furthermore, this consultation is not intended to be an appraisal of any particular property within the City of Lakeville. Rather, the function of this memorandum is to provide guidance to the City in determining appropriate park dedication fees. SCOPE OF WORK The following data and information pertaining to the review of park dedication fees have been examined. • Reviewed City of Lakeville zoning information • Reviewed map of un- platted commercial and industrial land in Lakeville • Reviewed Minnesota Statute 462.358 Subd. 2b. regarding park dedication fees • Investigated comparable commercial and industrial land sales • Complete statistical analysis on observed market values Sunset Pond Executive Offices • 13967 West Preserve Boulevard • Burnsville, MN 55337 Phone: 195218951205 Fax: (9521895-152 1 City of Lakeville Land Analysis January 2, 2013 Page 2 ZONING The land sales summarized on the following commercial sales grid are assumed to have zoning and potential uses consistent with these commercial zoning districts. Alternatively, industrial development in the City of Lakeville is driven by three zoning districts. These industrial districts are as follows: 1 -1, Light Industrial District 1 -2, General Industrial District I-CBD, Industrial Central Business District The land sales summarized on the following industrial sales grid are assumed to have zoning and potential uses consistent with these industrial zoning districts. Lands guided for commercial industrial and office development in the city of Lakeville are identified on the City of Lakeville 2012 Parks, Trails & Open Space Plan Map on page 4. Following the map is a list of parcels potentially affected by a modification to current park dedication fees. PARK DEDICATION FEES The City of Lakeville initiated a review of its park dedication fee requirements applicable to new subdivisions to ensure consistency with the State's statute. This examination was initiated after the City received feedback from developers that a review of the fees was needed. After modification of park dedication fee requirements for residential land, the City continued with a review of fees for commercial and industrial land. At their meeting on June 4, 2012, the City Council approved an ordinance amending the Subdivision Ordinance to establish park land dedication requirements for all uses and cash fees in lieu of land dedication for residential uses. The purpose of this memorandum is to aid in determining the need for modifications to cash fees in lieu of park land dedication applicable to commercial and industrial land. PATCRIN MESSNER DODD & BRumm Valuation Counselors City of Lakeville Land Analysis January 2, 2013 Page 3 PARK DEDICATION FEES State Statute Minnesota Statutes 462.358, Subd. 2b. enables the City to require dedication of a portion of a subdivision to the public for parks, recreational facilities, playgrounds, trails, wetlands or open space. Minnesota Statutes 462.358, Subd. 2b. (c). further requires that there be an essential nexus between the dedication of land or payment of fees based upon the City's purpose for the dedication and that the dedication or fee must be roughly proportional to the need created by the development and, where fees are to be dedicated in lieu of land, that the fee be "based on the average fair market value of the un platted land for which park fees have not already been paid." PATCRIN MESSNER DODD & BRUMM Valuation Counselors City of Lakeville Land Analysis January 2, 2013 Page 4 PITCRIN MERsNER DODD & BRumm VelU9BOn Cwnsei m a w . l Sol ME No 1 ■ r `g u � s `i,� • � PEI [" r '• ■ It .IL R 1 ■ AA it 71 T`e '�JM sfuj� � y r ✓'� ����f�'� r '- ME I ft I =f'k®r f i /4t - "� +��� 1:\ OAF. W_ PITCRIN MERsNER DODD & BRumm VelU9BOn Cwnsei m City of Lakeville Land Analysis January 2, 2013 Page 5 COMMERCIAL, INDUSTRIAL AND OFFICE WITHIN CURRENT MUSH AND MUSA EXPANSION AREA A CITY OF LAKEVI LE COMMEROALOULOTS COMMEROALFARCFL9 INOMMIALOUTIOTS INDUSTRIMPARCEIS OFFICE CIMOTS OFFICE FARQU 037 - 220200055012 037. 220011005012 037- 721037900020 037 - 220410079010 037 - 224790000010 037- 220250054013 037 - 220280052051 037 - 220011005013 037.221175WWID 47.220320D0940 037.214790001034 037. 21031005041 037.220290072013 037 - 220011009030 037.222695WWLI 037 °220320090010 037. 224790100010 037. 230360003011 037 -221 LOSDOO174 037 - 22001100540 47222695000060 037. 220320075012 037. 220360003017 037 - 271685100020 037-220011006011 037- 222695200010 037.2203MM010 037. 220360004010 037 - 221860000080 - 037 - 220011006020 037-220340050011 037320360006017 037 - 122119500060 037- 220011017020 037 - 220340051010 037. 220360007011 037- 222129500070 097- 120OL147020 037220340061010 037. 222122500010 037 - 220011052023 037423202500030 037. 22041054010 a37- 223202600010 037. 22002041030 037- 323102801010 037- 220090079011 037 - 124434000040 037- 220300025024 037- 224434001010 037. 220100091011 D37- 22443404020 037220121027011 037- 224434001031 037- 2242102743 037 - 22443400240 037 - 220121029011 037424434002020 037 - 220121029012 037 - 224434002030 037- 770121030111 037 - 216460000050 037220121053430 037- 217150000060 037- 220250029010 037- 227150MMIO 037- 220250055010 037.227670000120 037 - 22016000440 037- 227670001020 037 - 220290035010 037- 22767024030 03722033MO29 037 - 2276744040 037 - 220320025021 037427670300010 097 - 220340025022 037- 127670300020 037. 720340025030 037- 22034MDIG 037- 22034002646 037 - 220350001012 037 - 22035004614 037 - 72035000101$ 037 - 220350002011 037 - 2203500441 037- 22D35004011 037-210$004012 037.220350005013 037420360005014 C37- 220 000640 037 - 220002541 037 - 770360020070 037320360027020 037 - 220360027030 037 - 221165000172 037 - 221185000180 037. 221185000184 47.221185000285 47.2211BSOOM6 47- 221705200030 037 - 721890000011 037221660000022 47.224434900020 037 - 224880000 037.226750702010 037- 127330000103 PATCHIN MESSNER DODD & BRUMM City of Lakeville Land Analysis January 2, 2013 Page 6 COMMERCIAL AND INDUSTRIAL LAND SALES The purpose of this consultation was to investigate land sales in order to develop the average fair market value of commercial and industrial land in the City of Lakeville. The average market value is necessary for the City of Lakeville to complete their review of park dedication fees and determine if modification of the current fee structure is needed. The sales comparison approach is the preferred, and most common, technique for developing a market value estimate for land. Typically, the sales comparison approach compares vacant land sales to a subject property. However, in this case, there is no specific subject property. As such, no adjustments are made to the comparable sales. Rather, as a group, the comparable sales are expected to form a range of unit values established by informed buyers and sellers in the marketplace. The average market value can then be utilized as a reasonable estimation of average fair market value for land in Lakeville, thereby meeting the guidelines of Minnesota statute. Sales of land in Dakota County and surrounding areas were researched using the Appraisal Data Network database and the Northstar Multiple Listing Service. Information has been sought on recent sales of parcels that are similar in terms of potential use as the zoning categories within the City of Lakeville. Sales of un- platted land and outlots, that closed between January 2009 and November 2012, have been gathered. These sales are generally similar to the parcels identified on the City of Lakeville Map, but located in competing areas. The unit of comparison used for both the commercial sales and the industrial sales is price per acre. The sales used in this analysis are presented on location maps, followed by summary grids, and statistical analysis. P.ATCHIN MESSNER DODD & BRUMM City of Lakeville Land Analysis January 2, 2013 Page 7 WRO-11 *002 A to la C F.gncaa�v ...a V - a c " kAwwwwml 201 241 i ......"d a iYllM� Laly lalli 1(IV'�:.'N/Al.. °i7aG :K5 � xa ' " Vitt z4-- +e ,m Tarim 8ry. .DaaPIMYin Bmif�alii 1 mnprer n swor milid e ylbllpog� GM p� 16 *in _"wlosu� �• r ' Olt ;AoI - l�il4mr Qer. -' �. v :rilwr to I, { m o+ ,o & NM 0 ' + tWu� ,ea ®o 23 �' sa �e , `Sir_+trltl Avs ,; F m v 3e 1 .3s i :_. SDI M {�. PAS{ Z ZT w 5e --- asz e, c"Wen kisii 1! — � D A R 0 T A tt�o ..1'hlrkR I �[vav�r' - ' 6 .. y 27 - +1011111111, so .a T M N at 7 , `Hak" Q airYM4 4 p i p �l �mt�irwi ai>H — Call, . 4 • I er ' ek1 1 � [R'wu na ! ClttlY n L E S sJ. B 'U R .41 Her" JJCWiff a � Mllwaeruv noMiYq R C £ Q a 22 . -..__ 31 Fa^�� a COMPARABLE COMMERCIAL SALES LOCATION MAP isi FrMI/�s . �phOnvlRW a I 141 I RbO..,z. BO#i eS I may : a . F1a�IR� 52 fl�:afVf , Ea BII ,20 PATCHIN MESSNER DUDD & BRUMM Valuation Counaelore l i l t$ � m " » » ffi » » '» a r » tt » » a s $ s s a s s us d •r � �i .� w N d � e d .. � o y7 gg9t9 Y 3 [3 Zz a a s 9 N 5 S g bb z »» I All 1 Nf 1 - It 11 w .ms City of Lakeville Land Analysis January 2, 2013 Page 9 2 r t6 LOfef►1 47 Sp 1t'- 166 F 152 301 34 1 1�lYW 9 take ,saga w 3 '01 7; 47 7 AM ANen Hib c hOrerlmlr c 41�a00tl M , .p.. es - y , _ 0 aoi vote a � ➢. • Chord[ t cf„ 1 3a. FP. -49n FN�Ib- 69 , 3 ilt1@8iPtlttvG 1 i -. _.�._. Nu111TD 14 ,MWurtanlm Eleaah at W_ ^Louts PaA ... _ I T ed *"Pull . Ht; Rlw 33 38 ' OMAN" anag- p I�j. A -- a ,t �; ➢i tb ' --p, T"T as to 1•' DMramhlrM N'�"'L Idn 1 .. 15 do 40 ealnm t.� i de �(fommpvp M L � -�xa I ar .C1sAt t1 oapratlsq i,C ►E A 3 _}— N ie f+ww61r71a �eaa "Wow 3 `umm RR PAN" pWa6Mr Yatlr4 ' i 1111111 --- C. LM is L E 3 U E U R r 26 _. —. - a as ,e r - - 7n s K u- 45 - amviu.o;ail °` 2a _ `dAr111l� � - �..� ��evUMs' • Ems.. ;e3- . tl O A% O T A 7a # 50 -I * 1lilwa CaWs Rmk a F u1 p"n ,� SCwaarl, Mar Tyr R ab -` ' �YYsOS1fMd 59 - soonHUt ea w iOtttatMM gem COMPARABLE IN DUSTRIAL SALES LOCATION MAP PATCHIN MESSNER DODD & BRUMM ValuaOOn Cauncel6n3 3 C�a10n� 1 - aafl 59 - soonHUt ea w iOtttatMM gem COMPARABLE IN DUSTRIAL SALES LOCATION MAP PATCHIN MESSNER DODD & BRUMM ValuaOOn Cauncel6n3 a n �.8 p me c 19� L $ m S� 9 Ma p 8 al _ 1 FE g g � I e m 15 oil 4 2 YI ` N p y O pN a! 0 1nWp fV P 6 g $ 6 m g SS 2 m 25 S p g o S 8 io p p p o W y N O W W N q g M » N H $ H R pp p p S 8 Hm p p » p A K W z E5 i `? O� U O r N C O C W r p N N N R R N tV N N N lV N N p N r all gm so m z 0 o o f $y ; 'g � �� o m� S 2 . m Q S cz City of Lakeville Land Analysis January 2, 2013 Page 11 SUMMARY OF FINDINGS It is important to note that the comparables have not been adjusted to a specific subject property and not all of the comparables presented herein have been verified. Based on our investigation, unit sale prices for commercial and industrial land proximate to Lakeville are summarized as follows: Commercial Land Range Mean Median $38,320 to $652,519 per Acre $234,907 per Acre $199,414 per Acre Industrial Land Range Mean Median $16,441 to $320,000 per Acre $121,694 per Acre $102,807 per Acre PATCHIN MESSNER DODD & BRUMM EXHIBIT B CITY OF LAKEVILLE PARKS, RECREATION & NATURAL RESOURCES COMMITTEE MEETING MINUTES January 16, 2013 Chair Kelly called the meeting to order at 6 p.m. in the Council Chambers at City Hall. Members Present: Tom Goodwin, Judy Hayes, Scott Kelly, Howard Lovelace, Jeanne Peterson, Bob Swan, Jerry Zell Members Absent: Matt Dinslage Staff Present: Parks & Recreation Director Brett Altergott, Recording Secretary Patty Ruedy 2. Approval of January 2, 2013 minutes Minutes were approved as presented. 3. Citizen comments There were no citizen comments. 4. Staff report 13 Annual Ice Fishing Contest Feb. 2 at Valley Lake; please contact Recreation Dept. if you'd like to volunteer at the event. Cherryview rink is open again this year and being utilized. Neighbors are happy with the site; staff received a compliment from a neighbor praising the maintenance of the site. MN Hockey event at McGuire this weekend. Maintenance staff is rebuilding the ice after warm weather last week. New tables and chairs have been delivered to the Heritage Center. Tickets are still available for the Johnny Cash Tribute Concert on Feb. 2. 5. CommerciallIndustrial park dedication Dan Licht from The Planning Company reviewed the reports distributed to committee members. There are three options included as noted in the report. City staff is recommending that the current park dedication fees for commercial and office/industrial uses not be changed for 2013 and that future changes would be reviewed as part of the annual budget process. Hayes inquired as to 'When park dedication fees would be reviewed going forward. Review of the fees is proposed to be reviewed annually during budget time beginning in April: Licht said that any change to the fees requires a public hearing to be held by the Planning Commission and action by the City Council. Goodwin inquired as to whether the same methodology was used as the residential park dedication fees and if keeping the fees the same now moves the fees away from the formula and short-funds the park dedication fee collected by the City. Licht replied that the park dedication fee is only one source of funds to develop the parks and trails system; bonding or taxes can (and will need to be) be utilized together with changes to planned park improvements as development of the system continues. He also stated that the analysis showed that Lakeville could justify an increase based on land values but that fees must be balanced with economic Parks, Recreation & Natural Resources Committee Meeting Minutes, January 16, 2012 Page 2 development goals. Licht explained how this has been the City's past practice of establishing park dedication fees for commercial and industrial uses at less than the maximum that would be allowed by statute. Swan stated that if the fee were raised to the maximum allowed (by statute) Lakeville would still be in the lower 50% of fees. Licht agreed that the statute says the City can increase the park dedication fees but that the City must also consider economic development goals. Licht explained that undeveloped commercial, office and industrial properties in Lakeville are highly desirable due to a number of factors but that the City is in a competitive situation. Zell said that there is an easier correlation to be made between park dedication fees and park usage for residential uses than com'merciaVindustrial development. By increasing park dedication fees for this group, the City would possibly curtail the gains that come with increased fees. Goodwin inquired as to what udieria we would use for next year. Licht replied that the methodology used to determine the proposed fee would be the same as is being presented now but that the establishment of specific fees especially for commercial, office and industrial uses also involves a degree of policy making. Swan stated he is uncomfortable with standardizing the process for determining park dedication fees. Licht replied that park dedication is a means for the implementation of the Parks, Trails and Open Space Plan. Therefore, setting the fees should be a standardized process based on the statutory allowances, Parks, Trails and Open Space Plan and average fair market property values. If there are questions as to the extent and type of improvements that are to be developed as part of the system, those issues need to be addressed in developing updates to the system plan.and are in fact to be considered as part of the upcoming community visioning process. Currently the City must utilize the 2006 Parks, Trails and Open Space Plan that was approved by City Council. The draft 2013 Parks, Trails and Open Space Plan may be adjusted based on the results of the visioning process. Goodwin recommended the City adopt the present rate for 2013 and raise the rate in subsequent years. The committee had a discussion on how it is their role to advocate for parks and recreation. Kelly responded that based on the information that they were given, there was no reason to believe that we need to increase fees. He added that Lakeville wants to encourage business and that we need to be careful on fees charged to develop the property and for our City to spur economic development. Less development equates to less park dedication fees. Goodwin believes that the Parks, Recreation and Natural Resources Committee's function is to advocate for the portion of the City that includes parks, trails and natural resources and that the fee should encourage development in order to adequately fund our parks in the future. Kelly added that the committee is working to advise the City Council on matters related to parks and trails for the citizens of Lakeville. Lovelace said that the City's advisory committees may have differing opinions, but there should be common ground. Zell added that although we don't Parks, Recreation & Natural Resources Committee Meeting Minutes, January 16, 2012 Page 3 want the highest fee, the City should maximize the revenue source while not discouraging development. Licht gave an example of how sometimes market factors influence the outcomes of City policies. Motion made by Zell, seconded by Peterson to recommend supporting option two as presented and recommended by staff. Ayes -3 Nays -4 Motion Failed Nays: Goodwin, Hayes, Lovelace and Swan because specific fee increases should be included in the recommendation, as presented by City staff in option three. Motion made by Hayes, seconded by Lovelace to recommend that the park dedication fee for commercial, office or industrial uses not be changed for 2013 with an increase in park dedication fees for these uses.to be phased in over subsequent years stepping up from the current fees with an initial five (5) percent increase for 2014 if justified based on the current market value information and the recommended methodology for determining park dedication fees. Ayes -4 Nays -3 Motion Passed Nays: Kelly, Peterson and Zell because of their support of the previous motion to adopt the recommendation of City staff. 6. Otherbusiness The Lakeville Rotary has declined funding for the canoe /kayak rack. Staff will continue to discuss this issue and let the committee know. The City visioning process is moving forward. Council members are working on forming a task force. A community survey will be sent to all members of City committees in the near future. There will also be opportunities for public input as well as participation in focus groups. Hayes would like an update on the tree sale. Staff will let committee members know the details as they become available. 7. Announcements The next Parks, Recreation & Natural Resources meeting is scheduled for Feb.6. 8. Adjourn Meeting adjourned at 7:18 p.m. Respectfully submitted, Patty Ruedy, Recording Secretary EXHIBIT C PknNng CommLoWw Won* Session Mhu[es - January 17 2013 Page 2 The Planning Commission agreed that car dealers are a unique commercial use that have changed over time in terms of franchising/branding and should have specific sign standards, especially in the case of multiple brand (or franchise) dealerships. The Planning Commission selected amending the Zoning Ordinance specific to auto dealerships as the preferred option of those listed in the January 11, 2013 planning report. The suggested the Zoning Ordinance amendment include a maximum number of wall signs as well as both individual wall sign size maximums and a cumulative wall sign maximum. CommarciaUlndua Park Dedication Mr. Licht presented the findings of the appraiser hired by the City to determine the average fair market value of undeveloped commercial, industrial and office land Included in the January 10, 2013 report from Jason Messner of Patchin Messner Dodd & Brumm. While the appraiser's findings support an increase in the park dedication fee for commercial and Industrial subdivisions, City staff recommends continuation of the past practice of requiring lower park dedication fees for commercial and industrial subdivisions as an incentive to encourage such developments. Further, City staff recommends an annual review of the commercial and industrial park dedication fees by the City Council as part of the budget process. Mr. Licht reminded the Planning Commission of the residential park dedication study and subsequent Subdivision Ordinance amendment concerning residential park dedication requirements that was completed in 2012. He also reminded the Planning Commission that the methodology used for determining commercial, industrial and residential park dedication must be consistent with State Statute. Mr. Licht noted that on a 4 -3 vote at their January 16, 2013 meeting, the Parks, Recreation and Natural Resources Committee recommended that the commercial and industrial park dedication fees not be changed in 2013 and an increase in the commercial and industrial park dedication fees be phased in over subsequent years with an initial 5% increase in 2014 if justified based on the current market value information and the recommended methodology for determining park dedication fees. The Economic Development Commission will review the commercial and industrial park dedication at their January 22, 2013 meeting. The City Council will consider all of the advisory board recommendations concerning commercial and industrial park dedication at their February 25, 2013 work session. The Planning Commission concurred with stairs recommendation. They agreed that decisions regarding funding for the development of the park and trail system should be made by the City Council based upon annual budget considerations and should not be an automatic annual increase. EXHIBIT D CITY OF LAKEVILLE ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES January 22, 2013 Acting Chair Starfield called the meeting to order at 4:30 p.m. in the Marion Conference Room at City Hall. Members Present: Comms. Longie, Brantly, Emond, Starfield, Tushie, Schubert, Ex- officio member Chamber of Commerce Executive Director Todd Bomhauser, Ex- officio member Mayor Matt Little, Ex- officio member City Administrator Steve Mielke. A Members Absent: Comm. Vlasak, Smith, Matasosky {via conference call). Others Present: David Olson, Community & Economic Development Director, Adam Kienberger, Economic Development Specialist; Brett Altergott, Parks &Recreation Director, Dan Licht, TPC Planning Consultant. 2. Approval of November 27, 2012 meeting minutes Motion Comms. Emond /Schubert moved to approve the minutes of the November 27, 2012 meeting as presented. Motion carried unanimously. 3. Review of Commercial /Industrial Park Dedication Analysis Mr. Licht presented the memo outlining the results of a study conducted by appraisal consultant Patchin Messner bodd & Brumm. The City Council engaged the consultation services of an appraise�ir.to establish an average fair market value for undeveloped commercial properties and a separate average fair market value for industrial properties. Mr. Licht concluded by stating that the City currently charges much less than what it is allowed to under current State Statute. He also noted that the Parks, Recreation, and Natural Resources Committee recommended keeping the park dedication fees at their current levels for commercial and industrial development and increasing it by 5% in 2014. The Planning Commission recommended the fee remain unchanged and is reevaluated next year. Mr. Licht added that to balance economic development goals and parks goals he is recommending the current park dedication fee stay at its current level and be reviewed next year. Comm. Tushie asked how the full park system will be built out if the current park dedication fee is less than what is needed to fund the current planned build out. Mr. Licht responded that it would be funded with a combination of park dedication fees, general fund property taxes, and possible bond funds from any future referendums approved by the voters. Economic Development Commission Meeting Minutes, January 22, 2013 Page 2 Comm. Starfield noted that it's important to balance the park system versus competitiveness. How does Lakeville compare to other ex -urbs such as Lonsdale? He noted that Farmington currently conducts an appraisal by parcel to determine park dedication fees. Comm. Tushie responded that the average appraisal method is a good method and allows the City to establish a maximum fee amount that can be leveraged via the statute. Chair Matasosky (via conference call) stated that the market should come into play to establish the fee floor. The cap is established by the average appraisal method under statute. All development fees should be studied as it relates to the cost of doing business in Lakeville to ensure a competitive development environment. Comm. Tushie responded that with a substantial amount of parks still to be developed, there needs to be a secure funding source to pay for ft. We can look at other development fees, but need to acknowledge that the parks still need to be built out and that comes at a cost. One of the longstanding advantages Lakeville has always had was its parks and the quality of it schools. This strategic advantage has been noted by the EDC and the City shouldn't lose focus on this while striving to become more competitive on fees. Comm. Emond recommended that the park dedication fees remain at their current levels and be reevaluated next year. Comm. Tushie noted that "hidden" fees often are road improvements needed for development projects, Chair Matasosky added that these impacts are often from the County and that Lakeville should continue to advocate for change in County road policies. Motion Comma. Tushie / Emond moved to recommend that the park dedication fee for commercial /industrial development remain the same, and ,a global view of all development costs in Lakeville in comparison �o other cities in the region be prepared for the next budget analysis. Motion carried unanimously. Mayor Little added that it could be debated who Lakeville competes with depending on the development project. Comm. Tushie noted that it can be tough to identify, but in general Lakeville competes with cities such as Burnsville for commercial projects, and cities such as Farmington or even Wisconsin for industrial projects. Comparisons will vary based on the type of development. Mr. Mielke added that the City can utilize fee reductions and incentives based on the competition for each individual project. Economic Development Commission Meeting Minutes, January 22, 2013 Page 3 Mr. Bornhauser noted that the Comprehensive Parks Plan should be reviewed and reevaluated if we can't truly "afford" it. Mr. Mielke responded that there is a revised draft 2012 Plan but the Council wants that review to come after the Visioning Plan currently underway. 4. Review of Proposed Tax Abatement Policy Mr. Olson reviewed the EDC memo outlining the proposed tax abatement policy. He provided an overview of the recommended objectives and policies for the use of tax abatement and noted its similarities to the recommended TIF policy. Comm. Emond inquired if there have been projects that have recently requested assistance. Mr. Olson responded that there have been several recent requests for assistance. The EDC discussed the differences between tax abatement and TIF and how there needs to be a public benefit demonstrated prior to granting a tax abatement. They also went on to clarify how this will be used as ap Incentive or assistance versus calling it a subsidy. Mr. Olson noted that it is prudent to conduct due diligence of each individual application for assistance but this is a tool that can be used as an incentive to attract business growth. Mr. Mielke added that the "but -for' test for public assistance will be a City Council decision based on the individual project s merit. Comm. Tushre concluded that the more tools the City has in its toolbox for businesses, the better position we are in. Motion Comms. Tushie /Brantly moved to recommend the draft Tax Abatement policy be forwarded to the City Council for approval. Motion carried unanimously. 5. Discussion of Recent City Council Actions Comm. Longie requested clarification on how the EDC motions are forwarded on to the City Council. Mr. Mielke responded that the Council receives copies of all minutes from boards and commissions on a regular basis, as well as discusses recommendations at work sessions. Comm. Longie inquired about a recent approval of CDBG fund allocation by the City Council and why it was not brought to the EDC prior to approval. Mr. Mielke responded that not all CDBG activities are within the purview of the EDC and that the Council decision was on appropriating funds for public improvements and housing initiatives.