Minnesota HF1135 amends municipal land dedication requirements, allowing municipalities to accept land or cash fees for park and trail dedications.

Minnesota HF1135 amends the land dedication requirements for municipalities. The bill allows municipalities to accept either land or cash fees for the dedication of parks, trails, and open spaces in new subdivisions. Cash fees are based on the fair market value of the land. The total value of land or cash fees dedicated cannot exceed ten percent of the fair market value of the proposed subdivision. The cash fees must be used for the acquisition and development of parks, recreational facilities, playgrounds, trails, wetlands, or open space.

Minnesota HF1135 amends municipal land dedication requirements, allowing municipalities to accept land or cash fees for park and trail dedications.

Minnesota HF1135 amends the land dedication requirements for municipalities. The bill allows municipalities to accept either land or cash fees for the dedication of parks, trails, and open spaces in new subdivisions. Cash fees are based on the fair market value of the land. The total value of land or cash fees dedicated cannot exceed ten percent of the fair market value of the proposed subdivision. The cash fees must be used for the acquisition and development of parks, recreational facilities, playgrounds, trails, wetlands, or open space.