06/04/1990 Park Board Packet - Laserfiche WebLink

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dwelling unit park dedication fee to yield the total cash park dedication requirement . Section 2 . AMENDMENT. Inver Grove Heights City Code, Section 510 .09 , subdivision 19 is hereby amended to read : Subsection 19 . Industrial/Commercial Dedication Requirements . As a general rule, owners and subdividers of Commercial, Industrial and Institutional land, including Commercial , Industrial and Institutional portions of PUD' s, shall be required at the time the building permits are issued, to dedicate to the City for park , playground, trails and public open space purposes that amount of land equal to five ( 5% ) percent of the land area within the development . As a general rule, in those cases where the City does not require parks, playgrounds , trails , or public open space within such developments, the City shall require payment of fees-in-lieu of such land dedication . The cash contribution shall be $2, 178 per acre for each acre within the development for such property located -Gf -t4,re- -rre-ri-h- 1-ii:e- o-r Seet-i7& rs -2 thre -g-h fl o Tovrrshrp �-7 3`�rtrr, 7 zz ;vest in the Metropolitan Urban Service Area and $425 per acre for each acre within the development for such property located so- ti; of tre line- outside the Metropolitan Urban Service Area These sums are based on five ( 5% ) percent of the City Appraiser ' s estimated average undeveloped land value per acre for such zoned property . The Park Commission, after consultation with the City Planner , Attorney and Director of Public Works and after consultation with an independent fee appraiser retained by the City, shall provide the Council , at its first meeting in February in each odd-numbered year , or such other times as the Council may direct , with a report from the City Appraiser indicating his estimate of the average values of undeveloped Com-mercia1 , Industrial and Institutional land in the community and a survey of Industrial/Commercial /Institutional fees in effect in comparable communities . If the City determines that a developer shall be required to dedicate a portion of the land proposed for development for park or public open space purposes and such dedication does not satisfy the requirements of this section , the balance due the City shall be in cash based on the amount per acre established above for the acres required to be dedicated but not selected by the City . Section 3 . AMENDMENT. Inver Grove Heights City Code , Section 510 . 09 , subdivision 9 , subsection 18 is hereby amended to read : -3-