2015-10-06_PR Comm Packet - Laserfiche WebLink

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To:Parks and Recreation Commission From:Lonnie Brokke Date:September 30, 2015 Re:Notes forCommission Meeting onTuesday,October 6,2015 Introductions 1. Public Comment Invited 2. Approval of Minutes of the September 1,2015Meeting 3. Enclosedis a copy of the minutes of September 1,2015.Please be prepared to approve or amend. Requested Commission Action :Approve/amend meetingminutesof September 1, 2015. Park Dedication –Use of Funds 4. At your June 15, 2015 joint meeting with the City Council, it was suggested that you reviewand provide a recommendation onthe future use of Park Dedication Funds. In September you discussed a draft policy preparedand suggestedby Mayor Dan Roe to consider(included in packet). After discussion (seeminutes of meeting) it was determined that this would be a topic when Chair Stoner and Commissioners Gelbach and Holt met with representatives of the Finance Commission. That meeting occurred on Wednesday, September 16, 2015 (agendaattached). The meetingresulted in representatives of both commissions feeling pretty comfortable with the proposed policy with the understanding that a minimum balance (amount yet to be identified) would always be held for potential acquisition. The City Council has suggested that you providea recommendation on how you think the Park Dedication Fund should be earmarked/allocated. Requested Commission Action: Discuss, modify or confirm policy ideasand identify next step. Park Dedication Annual Rate Review 5. This item is an effort to maintain a consistent periodic review of park dedication rates. The most recent increase for residential rates was November 2011 when the rates were increased from $3,000 to $3,500 per unit. Based upon the survey of other communities, system needs, CIP, Master Plan outline of needs and the fact that a relatively recent increaseoccurredto keep pace, it may be appropriate for the rates to remain and be reviewed again next year. The Commercial Park Dedication was adjusted from 5% of FMVto 7% of FMV in 2012. Based upon the survey of other communities, system needs, CIP, Master Plan outline of needs and the fact that a relatively recent increase occurred to keep pace, it may be appropriate for the rates to remain and be reviewed again next year. Enclosed is a survey of rates in surrounding metropolitan communities. Requested Action : Discuss and consider the Park Dedication rates.