06/04/1990 Park Board Packet - Laserfiche WebLink

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Where ponding has been determined to have a park function, credit will be given at.,a rate of 50% of the pond and adjoining land area below the high water level; a minimum of 70% of land above the high water mark shall be dedicated before pond credit is granted. Other City park dedication policies relating to pond dedication must also be complied with. In those cases where subdividers and developers of land provide significant amenities such as, but not limited to swimming pools, tennis courts, handball courts, ball fields, etc, within the development for the benefit of those residing or working therein, and where, in the judgment of the Director of Parks and Recreation, such amenities significantly reduce the demands for public recreational facilities to serve the development, the Director may recommend to the Advisory Parks and Recreation Commission that the amount of land to be dedicated for park, playground and public open space (or cash contributions in lieu of such dedication) be reduced by an amount not to exceed 25% of the amount calculated under paragraph 2 above. G. The City, upon review, may determine that the developer shall create and maintain some form of on-site recreation use by the site residents such as tot lots and open place space. This requirement may be in addition to the land or cash dedication requirement. 4. CASH I?FDICATIUN If, at the option of the City, it is determined that a cash dedication shall be made, said cash shall be placed in a special fund for Parks and Recreation use and deposited by the developer with the City prior to final plat approval. The City Council, upon review and recommendation of the Advisory Parks and Recreation Commission, shall annually determine by resolution the park cash dedication fee per residential unit. Said fee shall be determined by the average market value of undeveloped residential property by zoning classification, served by major City utilities, divided by the number of units per acre which shall provide the equivalency of twelve acres per thousand population. Said cash dedication, effective January 1, 1990 shall be: Cash Equivalent Units Per Per Residential Housing Type Averagg Market Value 100 Population Unit Single Family $16,000 per acre 28 $685.00 Duplex $17,500 per acre 35 600.00 Townhouse/Quad $21,000 per acre 47 535.00 Apts/Multiple $23,500 per acre 52 540.00 Cash dedication shall be determined/computed at the rate in effect at the time of final plat. 3