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HomeMy WebLinkAboutCity Council Resolution 2000-087CITY OF PLYMOUTH RESOLUTION 2000-087 APPROVING SETTING PARK DEDICATION FEES FOR 2000 WHEREAS, the City of Plymouth has a policy setting forth park dedication fees for residential and commercial/industrial property; and WHEREAS, the City Assessor has concluded that undeveloped residential property is selling for approximately $56,000 per acre, and undeveloped commercial/industrial property is approximately $100,000 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 2000 park fees shall be $1,700 per residential dwelling unit and $5,200 per acre for commercial/industrial property effective March 1, 2000. Adopted by the City Council on February 15, 2000.