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Draft <br /> 10/18/99 <br /> For purposes of this Ordinance, "fair market value of the undeveloped land" is <br /> defined as the fair market value of the land within such plat, replat, or <br /> subdivision as of the date the plat, replat, or subdivision is presented to the <br /> City Council for approval of the final plat, as determined by the City Assessor <br /> in the same manner as he determines the fair market value of land for tax <br /> purposes. <br /> 3. In addition, in every plat, replat, or subdivision of land,the land required for <br /> public streets, regional storm water holding ponds and wetlands shall be set <br /> aside and dedicated on the plat by the owners to the City. These areas will not <br /> be credited towards any park dedication requirements. <br /> 4. The suitability of land proposed to be dedicated for park and recreational <br /> purposes shall be determined by reference to the following criteria: <br /> a) reasonably located and suited for its intended use. <br /> b) shall have frontage on public or private roads as determined by the <br /> City. <br /> c) size, shape,topography, geology, hydrology,tree cover, access, <br /> location. <br /> • d) consistency with the goals and objectives of the Master Park and <br /> Recreation Plan. <br /> 5. As part of the subdivision or plat approval, the tract owner or owners shall be <br /> responsible for making certain improvements to land dedicated for park,trail <br /> and public open space purposes including, but not limited to, finish grading, <br /> ground cover, construction of trails and clearly identifying park and trail <br /> boundaries with City approved markers. <br /> 6. Park dedication credit shall not be granted for the construction of recreational <br /> facilities unless specifically approved by the City Council. The submission <br /> for review by staff and the Park and Recreation Commission shall include an <br /> estimate of installation costs, equipment specifications and a site plan. The <br /> Park and Recreation Commission shall review such improvements for <br /> appropriateness with the Park and Trail Master Plan. <br /> 7. As part of the application procedure at the time of preliminary plat, the tract <br /> owner or owners are encouraged to confer with City staff and the Park and <br /> Recreation Commission to secure a recommendation as to the location of any <br /> property that should be dedicated to the public for park and recreation <br /> purposes. <br /> 2 <br />