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170.063 CASH PAYMENT <br />In lieu of public land dedication for the purposes of parks, <br />playgrounds, trails and /or open space as above described, <br />the City Council may require the subdivider to contribute <br />ten percent (10 %) of the fair market value of the <br />undeveloped land no later than final plat approval, or Two <br />Hundred Dollars ($200.00) per lot created, whichever is <br />greater. The fair market value of the undeveloped land <br />shall be determined by the tax assessments, records and <br />formulas that apply thereto. The cash payments received as <br />a result of this provision shall be placed in a special fund <br />by the City and used only for acquisition of land for parks, <br />playgrounds, public open space,. trails and storm water <br />holding areas or ponds, development of existing parks and <br />playground sites, public open spaces and storm water holding <br />areas or ponds and debt retirement in connection with land <br />previously acquired for such public purposes. <br />170.064 COMBINATION OF LAND DEDICATION AND CASH PAYMENT <br />In plats, a combination of land and cash may be <br />required by the City. <br />170.065 SCENIC EASEMENT <br />In appropriate plats, as determined by agreement between the <br />City Council and the subdivider, the subdivider may dedicate <br />to the public a scenic easement in combination with the <br />requirements of Section above or, if the <br />subdivider and City Council agree, the scenic easement <br />dedication may be in lieu of the requirements in Sections <br />170.066 AGREEMENT AS TO DEDICATION <br />Agreements as to the requirements in Sections 170.061 <br />through 170.064 above shall be made prior to preliminary <br />plat approval. Failure of the City Council and subdivider <br />to reach agreement regarding the matters in Sections 170.061 <br />through .170.064 above shall constitute denial of -the <br />preliminary plat. <br />SECTION 2. REPEAL <br />Section 170.06 of the Ramsey City Council entitled <br />Dedication of Parks and Open Spaces adopted by Ordinance 83- <br />13 is hereby repealed. <br />Jsk <br />