HomeMy WebLinkAboutCity Council Resolution 1995-104RESOLUTION NO. 95-104
AFFROVING SETTING PARS DEDICATION FEES FOR 1993
WHEREAS, the City of Plymouth has a policy setting forth park dedication fees for maid mdd
and commercial/industrial property, and
Wi1ERSAS, the City Assessor has concluded that undeveloped residential property is selling
for approximately $30,=-$45,000 per acre, and undeveloped commercial/industrial property
is approximately $60,000 per acre, and
WHEREAS, the City Council has reviewed said recommendation and finds this
recommendation to be appropriate, based on the assessor's undeveloped land value estimates,
NOW, THSR>SFORS, BE IT HMMY RESOLVED BY THE CITY COUNCIL OF THS
CITY OF PLYMOUTH, that the 1993 park fees shall be $1,150 per residential dwelling unit
and $3,850 per acre for commercial/industrial property effective March 1, 1995.
Adopted by the City Council on February 7, 1995