11/02/1987 Park Board Packet - Laserfiche WebLink

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CITY OF LINO LAKES COUNTY OF ANOKA n STATE OF MINNESOTA Ordinance No. 14 - 86 AN ORDINANCE AMENDING THE LINO LAKES CITY CODE BY AMENDING PROPERTY DEDICATION PROVISIONS OF THE SUBDIVISION OF LAND REGULATIONS CON- TAINED THEREIN. The City Council of the City of Lino Lakes ordains: Section 1. Property Dedication. The developer shall ded- icate to the City a reasonable portion of the proposed sub- division for public streets , roads, utility easements, water facilities, storm water drainage and holding areas or ponds and other similar utilities and improvements. In addition, the developer shall dedicate to the City land for public use as parks, playgrounds, trails or other open space. The criterion to be used by the City in determining the park needs is as follows: 1. Proposed development density and use. 2. Proximity of development to existing parks. 3. Open space within the development . 4. Future park needs per the comprehensive plan. For residential , commercial and industrial development the following land dedication shall apply: 10% of the total land acreage in the development. Land site selection is to be made by the City. The City may choose to accept an equivalent amount in cash from the applicant for part or all of the portion required to be dedicated to such public uses or purposes based on the fair market value of the land at the time of final approval. This cash equivalent for all residential development shall be $160.00 per dwelling unit to be constructed within such proposed development. For commercial/industrial development, the cash equivalent shall be ten (10%) per cent of the fair market land value of the devel- opment . All cash payments so received shall be placed in a special fund by the City to be used only for acquisition, betterment or debt retirement related to parks, playgrounds, trails and open spaces. This payment is due to the City Clerk-Treasurer before any documents may be filed with the County Recorder' s Office. Section 2. Effective Date. This ordinance shall be effective thirty (30) days after its pub- lication.