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1008 .18 - DEDICATION OF LAND OR CONTRIBUTION OF CASH FOR <br /> <br />PUBLIC PUI~.~OSE <br /> <br />1. In every plat, replat or subdivision cf land to be developed <br />for residential, commercial, cr industrial uses, or as a planned <br />unit development which includes such uses or any combination <br />5hereof, iC is reasonable to require that an amount cf land equal <br />in value to'ten percent (10%) cf the undeveloped land proposed to <br />be subdivided shall be set aside and dedicated by the tract owner <br />cr owners ~o %he City for parks, playgrounds, trails, or public <br />open space. <br /> <br />2. If the C/~y Council, in its sole discretion, determines that <br />~he land proposed to be dedicated is unsuitable for parks, then <br />the tract owner or owners ska!! contribute to the City, in lieu <br />of park land dedication, an amount cf cash not to exceed the fair <br />market value cf %he undeveloped land required to be dedicated, as <br />the City Council shall determine by resolution from time to time. <br /> <br />3. Previously platted Residential Proper~y on which park <br />dedication has not been received by the City, being replatted <br />with the same number cf lots and the same number cf dwelling <br />units, shall be exempt from all park land dedication <br />requirements. If ~he number cf lots or the number cf dwelling <br />units is increased, then park dedication shall be made based cn <br />the number of additional lots or the'number of additional <br />dwelling units. <br /> <br />4. Prior platted Commercial and Industrial land on which park <br />dedication has not been received by the City, being topis=ted <br />with the same land area, shall be exempt from all park dedication <br />requirements. If land area is being added to a previously <br />recorded plat, then additional park dedication-requirements shall <br />be based on the additional land being added. <br /> <br />5. Any monies paid to the City in lieu of park dedication shall <br />be placed in a special fund and used cn!y for the acquisition of <br />land for parks, playgrounds, trails, public open space; for the <br />develcpmen~ of such areas and sites; and for debt retirement in <br />connection with land previously acquired or developed for such <br />public purposes. Any monies specifically paid to the City for <br />trails shall be used only for .the acquisition of land far trails <br />and for the development of such land. <br /> <br />6. For purposes cf =his Ordinance, "fair market value of the <br />undeveloped land" is defined as the fair market value of the land <br />within such plat, replat, or subdivision as cf the date the plak, <br />replat, or subdivision is presented to the City Council for <br />approval cf the final plat, as determined by the 'City Assessor in <br />the same manner as he determines the fair market value of land <br />for tax purposes. <br /> <br />10.66 <br /> <br /> <br />