2006-971CITY OF HOPKINS
Hennepin County, Minnesota
ORDINANCE N0.2006-971
Ordinance Amending Section 500.75 of the Hopkins City Code
The City Council of the City of Hopkins does hereby ordain
Section 1. Section 500.75, Subd. 2, of the Hopkins City
Code shall be amended as follows:
Subd. 2 Dedication Formula:
(A) Residential
Proposed Density
(housing units/acre)
Percentage of land
to be dedicated
0-5 ........................................... 100
6-10 .......................................... 110
11-15 ......................................... 12a
16 plus ....................................... 130
(B) Commercial, Industrial and Other Subdivisions 50
(C) Cash in Lieu of Land Dedication- Residential
Cash in lieu of land dedication for Residential
Subdivisions shall be in an amount set by City Council
Resolution as per Section 1010.23 of the Hopkins City
Code.
(D) Cash in Lieu of Land Dedication- Commercial,
Industrial, and Other
Cash in lieu of land dedication for Commercial,
Industrial, and Other Subdivisions shall be in an amount
determined by the estimated fair market value of the
property to be dedicated to the city (50) as calculated
by the County Assessor, as of the date of the approval of
the final plat, replat, subdivision or waiver of plating.
The estimate of fair market value shall include value
added to the property by utilities, streets, and other
public improvements serving the land, but shall exclude
value added by other improvements to the land.
Section 2: The effective date of this ordinance shall be
July 13, 2006.
First Reading:
Second Reading:
Date of Publication:
Date Ordinance Takes Effect:
ATTE T:
erry bermaier, City Clerk
APPROVED AS TO FORM AND LEGALITY:
June 19, 2006
July 5, 2006
July 13, 2006
July 13, 2006
Eug e J Maxwell, Mayor
~'l ~-
ty Attor ey Signature Date