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2017-027 Approving Revised Park Dedication FeesCITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2017-027 RESOLUTION APPROVING REVISED PARK DEDICATION FEES WHEREAS, the Hopkins City Code Section 500.75 provides for park dedication in every plat, replat or subdivision of land allowing development or redevelopment, and WHEREAS, Subd. 6 of City Code Section 500.75 gives the City the option to require a cash contribution in lieu of land dedication and Subd. 7 provides that the contribution amount be set by resolution of the City Council, and WHEREAS, the cost to meet the City's park system capital improvement needs increase each year, and WHEREAS, the current park dedication fee for residential development is well below the Twin Cities average, and; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hopkins, Minnesota that the Park Dedication Fee — cash contribution for residential development or redevelopment be set at $3,000 per unit for projects of 3 or more multiple family residential units. Adopted by the City Council of the City of Hopkins this 7'h day of March 2017. ATTEST: /,� (�1� � l �%/� Amy Domeier, City C erk By/��✓ i�� �/ L�wzu���i✓ Moll Cummings, ayor