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ORDINANCE NO. 141 AN ORDINANCE AMENDING THE LIT= CANADA CODE BY ADDING A NEW CHAPTER 2101. PARK AVAILABILITY CHARGES. THE COUNCIL OF THE CITY OF LITTLE CANADA DOES HEREBY ORDAIN AS FOLLOWS: Section 1. That the Municipal Code of Little Canada is hereby amended by adding a new Chapter 2101. Park Availability Charges. to read as follows: "2101. PARK AVAILABILITY CHARGES, 2101.010. PURPOSE. This ordinance is enacted to provide for orderly, economic and safe development of land and urban services and facilities, and to promote the public health, safety and general welfare of the inhabitants of the City of Little Canada. 2101.020. LAND DEDICATION FOR PUBLIC USE. In all subdivisions to be developed for residential, commercial, industrial or other uses or as a planned development which includes residential, commercial and industrial uses, or any combination thereof, where the City Council deems it appropriate, a reasonable portion of each proposed subdivision shall be dedicated to the public for public use as parks, playgrounds, public open space or storm water holding pond areas, or, at the option of the City, the person or firm proposing the subdivision shall donate to the City an amount in cash equivalent to the fair market value of the same land which otherwise would have been dedicated. The City Council, in determining the reasonable portion to be dedicated to the public may take into consideration the open space, park, recreation or common areas and facilities which the developer has provided for the exclusive use of the residents of the subdivision. The portion of the total area which becomes dedicated pursuant to these provisions shall be in addition to that land dedicated for streets, alleys, easements and other public ways. No areas may be so dedicated for public use without first having been approved by the City Council as suitable for the public purposes enunciated in Section 2101.010 herein. 1. If the City Council, at its option, requires the developer to dedicate land, a maximum of 107 of the total area to be subdivided shall be dedicated for public use as parks, playgrounds, open space or storm water holding pond areas. 2. If the City Council, at its option, requires the developer to donate cash in lieu'of land the following criteria shall be applied: (a) The developer shall donate that dollar value of the tract to be subdivided for residential use which corresponds to S Page 26 CLERK'S EXHIBIT NO 1240 MEETING_ _ 9 14-7?