PRSR INFORMATION 1-13-1999 - Laserfiche WebLink

Home Browse Search

01/12/1999 10:02 4973210 ALBERTVILLEERT PAGE 03 • Dwelling Units Per Gross Acre Dedication Requirement Less than 9 10% of subdivision area 9 and More 11%of subdivision area plus an additional 1/2%for each additional dwelling unit per acre over 9 (2) A cash contribution in lieu of land dedication may be required pursuant to a standard formula established by the City, which formula takes Into consideration such things as, but not necessarily limited to the fair market value of the property In the plat, subdivision or development. The City Council shall establish from time to time by Resolution the amount of required cash contribution, and until changed by Resolution hereafter ad'vted, the amount of cash contribution shall be $1,300.00 per dwelling unit, effective 1 January 1998. (3) Combination Land and Cash Dedication. The City may require the applicant or developer to make a combination cash and land dedication pursuant to the following formula: (a) The amount of land which could be required in accordance with this Ordinance shall be calculated. (b) From the total calculated in sub-paragraph (3)(a) above, the actual amount of land the City determines to be needed to fulfill the purposes of this Chapter shall be subtracted. (c) The balance arrived at in sub-paragraph (3)(b) above shall be converted into a cash contribution in lieu of land dedicated pursuant to a standard formula established by the City, which formula takes into consideration such things as, but not necessarily limited to, the fair market value of the property in the plat, subdivision or development and the percentage of the total park dedication obligation represented by the said balance. • ° (I) Commercial and Industrial Dedication Requirements. (1) Land dedication, if required, shall be ten (10) percent of a commercial subdivision or development and five (5) percent of an industrial subdivision or development. • Amended Ord. 1997-20, 15 December 1997 600-16