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4. Amend the resolution which governs the Park Fund to <br />bring it in conformity with Section 462.358, Subdivision 2b of <br />the Minnesota Statutes by providing that the funds therein can <br />be used to acquire land for "trails or open space", as well as <br />public parks and playgrounds. <br />SUMMARY OF PARK DEDICATION FEE <br />SCHEDULE IN ORONO A:^D OTHER COMMUNITIES <br />The .’^arks Commission has surveyed the Park Dedication Fee <br />levied in (a) nearby communities and (b) other communities in <br />the metro area which, according to the League of Minnesota <br />Cities, recently have adopted Park Dedication Fee Ordinances. <br />The results of that sxorvey are set forth on Exhibit C. Our <br />conclusions from that survey are: <br />1. Orono's approach of charging a Park Dedication Fee <br />based on a sliding scale depending upon the acreage of the <br />resulting lots (the larger the lot, the smaller the fee) appri-:- <br />to be unusual among the communities surveyed. <br />2. The most common approach appears to assess a Park <br />Dedication Fee equal to a percentage of -the land value, with the <br />percentages varying from 7% to 10%, but the most common <br />percentage beiiiy 10%. <br />3. One problem with the current Orono approach is that it <br />fails to adjust for inflation, resulting in the Park Dedication <br />Fee charged by Orono being much lower than that charged by other <br />communities. <br />-2-