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2012-062 Revised Park Dedication FeesCITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2012-062 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 has not been revised since 2003, 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 $1,500 per unit for projects of 3 or more multiple family residential units. Adopted by the City Council of the City of Hopkins this 21s' day of August 2012. By Eugeee J. axwell, Mayor ATTEST: r Kristine A. Luedke, City Clerk