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regulations establishing standards, requirements, and. proce- <br /> dures for the review and approval or disapproval of subdivi- <br /> sions. <br /> Subd. 2b. Dedication. In addition, the regulations may <br /> require that a reasonable portion of any proposed subdivision <br /> be dedicated to the public or preserved for public use as <br /> parks, playground.s, trails, or open spaces provided that (a) <br /> the municipality may choose to accept an equivalent amount in <br /> cash from the applicant for part or all of the portion re- <br /> quired to be d.ed.icated. to such public uses or purposes based <br /> on the fair market value of the land no later than at the time <br /> of final approval,. (b) any cash payments received shall be <br /> placed in a special fund by the municipality used only for the <br /> purposes for which the money was obtained., (c) in establishing <br /> the reasonable portion to be dedicated, the regulations may <br /> consid.er the open space, park, recreational, or common areas <br /> and. facilities which the applicant proposes to reserve for the <br /> subdivision, and (d.) the municipality reasonably determines <br /> that it will need to acquire that portion of land for -the pur- . <br /> poses stated in this paragraph as a result of approval of the <br /> subdivision. <br /> This law is a result of several amendments to vdflne. ii s specific <br /> �1 <br /> meaning. In, its current form, Minn. St. § 462.358 specifically allows <br /> cities to require land or money for park prior to subdivision approval. <br /> However, d.on't forget the rights of the property owner. Professor <br /> John D. Johnston Jr. , in his law review article statesc <br /> "Virtually every subdivision control dispute presents issues <br /> concerning the constitutionality and. interpretation of the ena- <br /> bling act, the validity of the implementing ordinance, and the <br />