SF1991

This Minnesota Senate bill, S.F. No. 1991, seeks to amend municipal land dedication requirements in relation to local government regulations. It modifies Minnesota Statutes 2024, section 462.358, subdivision 2b, by outlining specific conditions under which municipalities can require land dedication or accept cash fees for public use when approving new subdivisions.

Key provisions include: - Municipalities may require a reasonable portion of buildable land in a new subdivision to be dedicated for public purposes such as streets, utilities, parks, trails, and open spaces. - If a municipality adopts such an ordinance, it must also have a capital improvement budget and a parks and open space plan. - Municipalities may accept a cash fee instead of land dedication, based on the fair market value of the land, determined annually through tax valuation or independent appraisal. - The cash payments received must be used exclusively for acquiring, developing, or improving public parks, trails, and recreational spaces—not for ongoing maintenance. - A previously subdivided property that already provided park dedication is exempt when resubdivided unless new lots are created. - A combination of land dedication and cash fees is permissible but cannot exceed 10% of the fair market value of the subdivision. - Land dedicated for streets, roads, or rights-of-way must comply with minimum engineering standards and cannot exceed certain width limits.

Overall, this bill refines municipal authority over land dedication while ensuring transparency and fair valuation practices in local development projects.