HomeMy WebLinkAbout83-055
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CITY OF LAKEVILLE
RESOLUTION
Date June 6, 1983 Resolution No. 83-55
Motir~n by Sindt Seconded by Nelson
RESOLUTION SETTING CITY POLICY ON THE PARK CASH DEDICATION
REQUIREMENTS FROM THE PLATTING OF LAND OT2 DEVELOPMENT
WHEREAS, the City has the authority under Minnesota Statutes
to require a dedication-of land and/or cash when land is platted and
development is then permitted; and
WHEREAS, the City Council has established a park development
fund for the purpose of accounting for the receipt and expenditure of
money for the purpose of acquiring land for City parks and/or improvements
to City parks; and
WHEREAS, the park development fund has provided money for
the orderly expansion and development of the City park system to serve
the population growth in Lakeville; and
WHEREAS, the City Code allows for the payment of park dedication
fees at the time of final plat approval by the City Council or at a later
time by agreement in the developer contract.
NOW, THEREFORE, BE IT RESOLVED .that the policy for payment
o~ park cash dedication fees shall be as follows:
1. Any .developer may elect to pay in full park fees based
on the rate in effect by City ordinance at the time of
final plat approval..
2. Plats with park fees of up to $5,000 must be paid in full
when the City Council approves the final plat.
3. Twelve month scheduled payment lan. Plats with park fees
of $5,001 to $15,000 must pay at least one-third of the
fee when the final plat is approved by the City Council,.one-
half of the balance no later than six months from the date
of final plat approval and the final balance not later
than twelve months from the date of final plat approval. No
interest will be charged on the payments during the twelve
months. Payments on a per lot dwelling unit or acreage
basis will be required when building permits are applied
for that exceed the amount paid on the payment schedule.
for the units or acreage involved. Credit will be applied
an future schedule payments when park fees are paid in
advance at the time a building permit is applied for.
4. Twenty-four month scheduled payment plan. Plats with park
fees of $15,001 to $30,000 must pay at least one-third of
the fee when the final plat is approved by the. City. Council,
and one-half of the balance no later than twelve months
from the date of final plat approval. No interest will
be charged on the money due and paid during the first
twelve months. The final payment must be paid not later
than twenty-four months from the date of final plat
approval by the City Council, and interest at a rate
set forth in the development contract shall be charged on
the park fees due and paid after twelve months.
Payments on a per lot. dwelling unit or acreage basis will
be required when building permits are applied for that
exceed the amount paid on the payment schedule for the
units or acreage involved.. Credit will be applied on
future schedule payments when park fees .are paid in advance
at the time a building permit is applied for.
5. Thirty-six month scheduled payment-plan. Plats with park
-fees over $30,001 must pay at least one-third of the fee
when the plat is approved by the City Council. One-third
of the balance must be paid not later than twelve months
after the date of final plat approval by the City Council.
No interest will be charged during the first twelve months.
..Another third of the balance must be paid not later than 24
months after final plat approval, and interest will be
charged on the entire unpaid balance at a rate as set forth
in the development agreement on the plat. or development.
The final third of the balance must be paid not later than
36 months from the date of final plat approval, with interest
as state above.
Payments on a per lot dwelling unit or acreage basis will
be required when building permits are applied for that
exceed the amount paid on the payment schedule for the
units or acreage involved. Credit will be applied on
.future schedule payments when park fees are paid in advance
at the time a building permit is applied for.
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` , i. t .
APPROVED AND ADOPTED by the City Council of th:e City of
Lakeville, Minnesota, this 6th day of June 1983.
CITY OF LAKEVILLE
BY:
Dua e Zaun, Ma
ATTEST:
Patrick E.'MCGarvey, City Clerk
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