Agenda - Council - 12/22/1992 - Laserfiche WebLink

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I I I I I I ! I I I I ! I I I ! I I I assessments anti taxes. The conveyance documents shall be in such form acceptable to the City Council. The required dedication shall be made at time of final plat approval. The removal of trees, topsoil, storage of construction equipment, burying of construction debris, or stockpiling of surplus soils is strictly forbidden without the written approval of the Ci~, Council. ¢. Grading and utility plans, which may affect or impact the proposed , park dedication, shall be reviewed and approved by the Parks and ~ Recreation Commission prior to dedication, or at such time as is reasonably determined. ..f. To be eligible for park dedication credit, any land to be dedicated as a ' requirement of this Section shall be useable, developable land for use : : for park and recreation purposes and shall be at a location convenient to the people to be served. ~ Subd. 6. Cash payment. In lieu of land dedication, the City Council may requ,'ir/: the subdivider to contribute a cash payment. The value of such payment shall be the greater .atnount established by a specified contribution per dwelling unit or a percent of fair m_ar~et V~alue of the undeveloped land commensurate with the percent of land which otherwise,woUl.t:l have been required under {}9.50.37 Subd. 2 and {}9.50.37 Subd. 3 of this chapter. "l~air Market Value", for purposes of this subdivision, shall be determined at the time of apl= rOv~ of the final plat in accordance with the following: a. The City Park and Recreation Commission and subdivider may agree upon a recommendation to the City Council as to the fair market value based upon recommendation by the Assessor. Ip. The City Council after reviewing the Park and Recreation : Commission's recommendation, may agree with the subdivider as to the fair market value. If agreement is not reached in this manner, then fair market value shall be determined in accordance with the 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 Commis.qi6_n Shall annually determine by resolution the park and dedication fee per residential Unit. i If, at the °l~tion*f of the City Council it is determined that a cash dedication shall be made, said cashiShalI be placed in a special fund for Parks and Recreation use and deposited by the developer ~'th the City prior to final plat approval. i Subd. 7. Combination of land dedication and cash payment. In approP~;~ te l}.lats, a combination of land and cash may be required by the City Council. In the evi*nt a c~mbination of land and cash is required, the amount of land to be dedicated shall be ¢rgdittd against the total park dedication requirement and the remaining cash contributio~n shall be based on the greater of the specified cash contribution per dwelling unit or the Fair j'narket value of the land. When determining the cash contribution for the remaining ~.cregge, the overall density of the plat shall be the basis for determining the potential nqmb~r of dwelling units per acre.