Agenda - Parks and Recreation Commission - 06/09/1994

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affect at the time final plat approval is granted. "Fair Market Value", for purposes of this subdivision, 1~811 b¢ determined at the time of approval of the final plat in accordance with the following: The City Park and Recreation Commission and subdivider may agree upon a recommendation to thc City Council as to thc fair market value based upon recommendation by the Assessor. The City Council after reviewing the Park and Recreation Commission's recommendation, may agree with the subdivider as to me fair market value. If agreement is not reached in this manner, then fair market value shall be determined in accordance with thc following: The fair market value as determined by the City Council based upon appraisals, accepted purchase agreements, comparable market transactions or other pertinent records as determined by the City Council. The City Council, upon review and recommendation of the Park and Recreation Commission shall annually determine by resolution the park and dedication fee per residential unit. If, at the option of the City Council it is determined that a cash dedication shall be made, said cash shall be placed in a special fund for Parks and Recreation use and deposited by the developer with the City prior to final plat approval. Subd. 7. Combination of land dedication and cash payment. In appropriate plats, a comb/nation of land and cash may be required by the City Council. In the event a combination of land and cash is required, the amount of land to be deckicaw..d shall be credited against the total park dedication requirement and the remaining cash contribution shall be based on the greater of the specified.cash con~bution per dwelling unit or the fair market value of the land. When determining the cash contribution for the remaining acreage, the overall density of the plat shall be the basis for determining the potential n-tuber of dwelling units per acre. Subd. 8. Scenic easements. In appropriate plats, as determined by agreement between the City Council and the subdivider, the subdivider may dedicate to the public a scenic easement in comb/nation w/th the requirements of §9.50.37 Subd. 2 and 3 above or, ff the subdivider and City Council agree, the scenic easement dedication may be in lieu of up to 25% of the require~nents in §9.50.37 Subd. 2 and 3 above. Subd. P. Required improvements. Subdividers shall be responsible for m~ldng certain irnprovemenrs to the parkland they dedicate within their development for park, playground and public open space purposes as follows: Provide finish grading and turf establishment for al1 park, playground, trail and public open spaces and provide landscape screening in accordance w/th City PoI/cy. Consumer and pave rrails which are identified by the City as accessible bikeway/walkway trails in accordance with City Standards concurrently with the roads in their developments (i.e., grading w/th site grading and paving with street or parking lot paving). Grade and provide appropriate surfacing, as approved by the Park and Recreation Commission, of trails identified by the City as horse or wilderness trails. Park dedication credit will be given for construction of the