Agenda - Parks and Recreation Commission - 02/10/1993

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Recreation Commission prior to dedication, or at such time as is reasonably ctetermined. 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 usc for park and recreation purposes and shall be au a location convenient to the people to be served. Subd. 6. Cash payment, in lieu of land dedication~ the City Council may require the subdivider to contribute a cash payment. The value of such payment shall be ire greater amount established by a specified contribution per dwelling unit or a percen~ of fair marke~ value of the undeveloped land commensurate with the percent of land which otherwise would have been required under §9.50.37 Subd. 2 and §9.50.37 Sub& 3 of this chapter. The specified contribution per dwelling unit shall be based on the requirements in affect at the time final plat approval is granted. "lgair Market Value", for purposes of this subdivision, shall be determined at the time of approval 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. b. 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 a~eements, 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. Sub& 7. Combination of land dedication and cash payment. In appropriate plats, a combination 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 dedicated shall be credited against the total park dedication requirement and the remaining cash contribution shall be based on the greater of the specified cash contribution 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 number of dwelling units per acre. 'x' '~: Subd. 8. Scenic easements. In appropriate plats, as determined by a~eement between the City Council and the subdivider, the subdivider may dedicate to the public a scenic easement in combination with the requirements of §9.50.37 Subd. 2 and 3 above or, if the subdivider and City Council agree, the scenic easement dedication may be in lieu of up to 25% of the requirements in §9.50.37 Sub& 2 and 3 above.