Agenda - Council - 01/26/1993 - Laserfiche WebLink

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.. Recreatior Commlssior. pno:'" lC' cedlC:itlOli. 0: a: suer; ~Imt' a~. L reasonabl~ dttermlllcd, To be el1gibie tor park dedlCatlOn credit. any land to be aedIcated as <: requIrement of rhls Section shall be useable. developable iand for use ror pan; and recreation purposes ane stull be a1 u locauon convement to the people to be servec, Subd. 6. Cash payment. in lieu of land de01CatlOli. rhe Cny Council ma\' requlfe the subdivider to contribute a cash payment. The value oj such paymem Shall oe the greater amount esrabilsned by a specIfied contnbutlon per dwellmg umt or a percent of fair marker value of rhe undeveioped land commensurate with the percent of land which orherwise would have been required under ~9.50.37 Subd. ~ and S9.50.37 Subd. 3 of this chapter The specified contribution per dwelling unit shall be based on the requirements in affect at the tlme fmal plat appra\'al is ~anted, "Fair Market Value", for purposes of thi~ subdlV1S10IL shall be derermmed at rhe orne of approval of rhe final plat in accordance with U1e followmg: <.\, The Cm' ParK and Recrearion Commission and subdivider ma\' acree upon :.l recommend:mon to rhe City Council as to the falr market value based upon rec:ammendarion b:' rhe Assessor. b, The City Council after reviewing rhe Park and Recreation Commission'~ recommendation. may agree with the subdivider as to the faiT marKet value. If agreement is not reached in thIS manner. rhen fair market value shall be derermined in accordance with rhe follo\\1ng: The ruir marker value as determined by the City Council based unon appraisals. accepted pur~hase agreements. comparable marker transactions or orher pertinent record~ as derennined by th~ Ct\' Council. 1 ne Cit\, Cauncil. upon review anci recommendarion of rhe Park and Recreation Commis'sion shali annually cerermmt b\' resolution the park and dedication fee per residenri:.il unit. If. ar rhe oorion of the Cit\. Council it is determined thm a cash dedicarion shall be made. said cash sh:.ill be placed In 2. special fund for Parks and Recreation use and deposited bv .;.,'" n~\''''1.0P'''~ \\,;.", 'rn' '" rit\, "''';o~ tc, ~l~"; p'a' "DprO\"': .. l.Ji..... l.,...i..... ..... ,.....~ .L.ll \- "'-.I...., ~J.J J '..I.. 1.'"",,.1 ~ J. .. """. u........ Subd. -;. Combination of land dedication and cash payment. b appropriate pl:.m" :.t combination of lane and cash may be required by the City Counci~, 1:-: the ~\'eri: 2. :omoinatio[ of IJnc ~nc :ash is Teauirec:~ the 2.!TIoun! of 13.I1G IC'- De dedicaree snJ.ll be :redirec ~gains~ the rot3.~ p2.:"k dedi~ation requiremen: and the remaining cast ::om:ibutior. snail De based or: the p-e:ne:- of rhe specified cash contribmion pe:- dwellinf: Unl! 0; the r'ai:- m:rrke: value 0: rhe bnc.. When dete:mining the cash contribution ror toe :'"ernu.ininf: acreage. rne overali density of the pla! shall be rhe basis for detemumng the DDrentl:lj n umoe:- of dwelling unItS pe:- a:re. Subd. 8. Scenic easements. lli appropriate pilUS. as aetermined by :':~"T~emen: between the City Council and the ~u~divider: the subdi:iger_r:!~~ ~edic.at: to t?~ :'JDL:' :c .)~enl:' e:.isemem m commnanon v,'1[" me requIrements or $:9.)u..), .)UDc.. _ anc : aDa\'e 0;. i:- toe subdivider anG Cny Council agree. the scenic easemem dedicatIon may be :1". 11eL: O~~ u:- tc, 2~C;{ 0:-- the reauiremenrs in f~.5C.:,- SUDd.. :: anc :3 above. ~ Ii'