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Franklin Park officials consider catching up decade-old open-space dedication fee tied to CPI
Summary
Council members and staff discussed raising the borough's recreation/open-space dedication fee, last set in 2015, and whether to update it annually by CPI through the borough's annual fee resolution rather than reworking the ordinance.
Franklin Park borough officials discussed on-going efforts to update the municipality's open-space dedication (recreation/green-space) fee, which the staff said has not been adjusted since 2015 and may now be materially lower than a CPI-indexed amount.
Staff told council the ordinance established a base per-unit figure in 2015 and provided a formula that references the Consumer Price Index (CPI) or a comparable survey to recalculate the fee in later years. According to the staff presentation, applying CPI since 2015 would yield a per-unit figure roughly in the mid-thousands (the staff slide…
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