Minnesota SF223 modifies municipal dedication fees for land subdivisions.

Minnesota SF223 amends the requirements for municipal dedication fees in land subdivisions. The bill allows municipalities to accept cash fees based on the fair market value of the land instead of or in addition to land dedication. It sets a ten percent limit on the total value of the dedication unless the land is already dedicated for street, road, or right-of-way purposes. The bill also mandates that municipalities maintain records of how cash fees are used and make these records available to the public.

Minnesota SF223 modifies municipal dedication fees for land subdivisions.

Minnesota SF223 amends the requirements for municipal dedication fees in land subdivisions. The bill allows municipalities to accept cash fees based on the fair market value of the land instead of or in addition to land dedication. It sets a ten percent limit on the total value of the dedication unless the land is already dedicated for street, road, or right-of-way purposes. The bill also mandates that municipalities maintain records of how cash fees are used and make these records available to the public.