08-04-1976 Council Agenda - Laserfiche WebLink

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that dollar value cq the tract to be subdivided which corresponds to the applicable density of the subdivision in the following schedule; Gross 0 -9.0 l i l.h is per acre 2.1 -3.0 Dwelling N'1 its per acre 3.1 -�.0 Dwelling on l s per acre 4.1 -5.0 Dwelling units per acre 5.1 er more Dwelling !nits per acre Gross Dedication Per Acre 3% 4% 5% 6 % ro 10 % of Fair Market. Value (2) The subdivider c= any parcel of land which presently is zoned for single family residents, and has located thereon (1) single family dwellir;:, and who so:;divides said parcel into additional legs,`, shall receive a credit for the existing single family dwelling unit by excluding the acreage of the occupied parcel, remaining after subdivision, from the computation of dwelling units per acre. (3 The subdivider of any tract of land which is to De developed for commercial industrial uses s dedicate hail �e� cafe to the public for public uses parks, playgrour.ds. public open space, or storm water holding areas, or ponds, an amount of cash equal to ten (10 %) ercent of the fair market value of the undeveloped land. (4) Where a cash equivalont is required in lieu of a land dedication, a real estate anpraisor, licensed by the State of Minnesota and appointed by the City, or at the option of the City, the Ramsey County Assessor, will wake the deteraination as to the fair market value of the irndeve_io;:ed land, which determination shall be con- clusive for the purposes of this Section. Any costs incurred by the City in obtaining an appraisal shall be paid by the subdivider. in any __ibdivis of o a parcel on which a cash dedication has previously been made, but on which an additional cash dedication is rec:'Jired due to resubdivi lien" the amount of cash dedication previously received cn the subdivided parcel(s) shall be based on the new gross density less any applicable credit for the prior cash dedication. (0) FUND FOR CASH Cash payments received under the foregoing par ra ns snail be plac,aP a special fund and used o`.y for the acquisition CT iand for parks, playgrounds, public open space and storm water holding areas or ponds and debt retireffent in connection with land previously acquired for Such ruin .. , u'rooses.