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Park Dedication <br />Historically when a property is subdivided and is developed (contains an existing home/ structure), park <br />dedication is only collected for the newly created vacant lot. <br />Section 30 -327 (b) states: I f the cio eolrncil, in its sole discretion, detem Ines that the land proposed to be dedicated is <br />zrrasuitable for parks, teen the tract owner shall contribute to the cz E, in lieu O'park land dedication, an amount of cash not <br />to exceed the fair market value of the undeveloped land required to be dedicated, as the city council shall determine by <br />esolution from time to time. <br />Because the subject property is developed and no new lot(s) are being created with this request, park <br />dedication is not being applied. <br />Financial Impact <br />None <br />Attachments <br />• Location Map <br />• Preliminary Plat <br />• Final Plat <br />• Environmental Memo dated June 5, 2015 <br />• Engineering Division memo dated June 8, 2015 <br />• Stormwater Coordinator memo dated June 10, 2015 <br />• Figure 8 -3 Future Expansion of the Urban Service Area <br />N:ADepartments\Community Development \Planning \Case Piles \P \P 15 -05 Aggregate Commercial Third \P 15 -05 sr PC 7- 14- 15.docx <br />