HomeMy WebLinkAboutCity Council Resolution 1996-111RESOLUTION NO. 96-111
APPROVING SETTING PARK DEDICATION FEES FOR 1996
WHEREAS, the City of Plymouth has a policy setting forth park dedication fees for
residential and eommercialrndustrial property, and
WHEREAS, the City Assessor has concluded that undeveloped residential property is selling
for approximately $40,000 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, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, that the 1996 park fees shall be $1,300 per residential dwelling unit
and $4,050 per acre for commercial/industrial property effective March 1, 1996.
Februar,� 21, 1996.
Adopted by the City Council on