Minnesota SF1991 modifies municipal land dedication requirements and authority.

Minnesota SF1991 amends municipal land dedication requirements and authority by allowing municipalities to accept cash fees for land dedications in redevelopment projects, setting a cap on cash fees at ten percent of the fair market value of the subdivision, and requiring municipalities to maintain detailed records of cash payments and their use. The bill also mandates that municipalities adopt a capital improvement budget and have a parks and open space plan or component in their comprehensive plan if they adopt certain ordinances.

Minnesota SF1991 modifies municipal land dedication requirements and authority.

Minnesota SF1991 amends municipal land dedication requirements and authority by allowing municipalities to accept cash fees for land dedications in redevelopment projects, setting a cap on cash fees at ten percent of the fair market value of the subdivision, and requiring municipalities to maintain detailed records of cash payments and their use. The bill also mandates that municipalities adopt a capital improvement budget and have a parks and open space plan or component in their comprehensive plan if they adopt certain ordinances.