Agenda - Parks and Recreation Commission - 06/11/1992

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The fair market value as determined by the City Council based ' G.~f upon appraisals, accepted purchase agreements, comparable market transactions or other pertinent records as determined by the City Council. The City 0au,~¢il, upon review and recommendation of the Park and Recreation Commissiofl shall annually determine by resolution the park and dedication fee per residential u~it.!l If, at the opt~on, lof the City Council it is determined that a cash dedication shall be made, Recreation and deposited by said cash sh~¢ placed in a special fund for Parks and use the developei' with the City prior to final plat approval. l~Ubd. 7. Combination of land dedication and cash payment. In appropriate t~!ats, a combination of land and cash may be required by the City Council. In the event ~ e'~mbination of land and cash is required, the amount of land to be dedicated shall be eredit~ against the total park dedication requirement and the remaining cash contribution~sh~! I~e based on the greater of the specified cash contribution per dwelling unit or the fair ,~arket value of the land. When determining the cash contribution for the remaining a~re~/le, the overall density of the plat shall be the basis for determining the potential nu~b~ ~f dwelling units per acre. ~]ubd. 8. Scenic easements. In appropriate plats, as determined by agreement b~tw~¢n the City Council and the subdivider, the subdivider may dedicate to the public a scc~ic {~ement in combination with the requirements of §9.50.37 Subd. 2 and 3 above or, if the ~ubdivider and City Council agree, the scenic easement dedication may be in lieu of uP[o ~J5% of the requirements in §9.50.37 Subd. 2 and 3 above. ' ~.Ubd. 9. Required improvements. Subdividers shall be responsible for making ¢~ main improvements to the parkland they dedicate within their development for park, playgrc.untl ~and pubhc open space purposes as follows: Provide finish grading and tuff establishment for all park, playground, trail and public open spaces and provide landscape screening in accordance with City Policy. bi.' Complete, construct and pave trails which are identified in the City's :: Trail Corridor Plan in accordance with City Standards concurrently with the roads in their developments (i.e., grading with site grading ~ and paving with street or parking lot paving). Park dedication credit ~ will be given for right-of-way connecting these trails to existing or :. proposed trails identified in the City's Trail Corridor Plan as well as ' for construction of the wail(s) and associated improvements at a :rr rate determined by the City Engineer.