06/04/1990 Park Board Packet - Laserfiche WebLink

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Option B . A cash contribution in lieu of land dedication . The cash contribution shall be $?}(}-&,& $400 .00 per dwelling unit for land shown -i-n -tire- z-e-d- s-kre e-d -area -o-n €h e ma-p 4-n t h e 4e-s44�na-te-d -a-s -t4-�e Par-k- -Ded-i-ca-ti-cxi - map- in the Metropolitan Urban Service Area . he cash contribution shall be $200,00 2 00 per dwelling unit for land -a ro- rn- tke green -s-§-ad-ee area- oinr t4 4_- ma-p- i-n- t-h-e C-let}-=e 9€€°ee 4e-s3-gna-t-e-d -a-s the -Par-it -trap- outside the Metropolitan Urban Service Area . This sum is derived from the City Appraiser ' s periodic estimate of the average value of undeveloped residential land in the City of Inver Grove Heights based on the following : ( 1 ) such land potentially develops at -2 . 5 dwelling uits per acre and (2 ) the developer is required to dedicate- ten (10% ) percent of the land for park , playground and public open space . The Park Commission , after consultation with the City Planner , Attorney and Director of Public Works and after consultation with an independent Lee appraiser retained by the City, shall provide the Council , at it first meeting in February of 11"N 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 value of undeveloped residential land in the community and a survey of residential fees in effect in other comparable communities . Option C . When determined by the City , the subdivider shall be required to dedicate a portion of the area in land with the balance to be made in fees in 1'ieu of such land dedication . In such cases , the following procedures shall be used : ( 1 ) The City shall calculate the total amount of land for park area which could be required in accordance with this section . ( 2) From the total amount of land calculated in Step 1 above, the City shall subtract the actual amount of land the City selects for park , playground , trails or public open space in the proposed development . ( 3 ) The balance of the park area otherwise required shall be calculated as a percentage of the total park dedication obligation . This percentage shall be multiplied by (a ) the approved total project density for the net area for which density is calc-ulated and ( b) current- per -2-.