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L <br /> CITY OF LINO LAKES <br /> COUNTY OF ANOKA <br /> STATE OF MINNESOTA <br /> ORDINANCE NO_ 05 - 91 <br /> AN ORDINANCE AMENDING THE LINO LAKES CITY CODE BY CHANGING THE PARK <br /> DEDICATION FEE <br /> The City Council of the: City of Lino Lakes, Anoka County, Minnesota <br /> does ordain: <br /> I _ <br /> Property Dedication_ Section 1001. 14 of the Lino Lakes City <br /> code is amended to read as follows: <br /> AMENDMENT: ELIMINATE: Entire section 1.001 . 14 after (4 ) in <br /> paragraph 2 _ <br /> ADD: For residential development the <br /> following formula shall apply: <br /> I. Density in Units/Acre Percentaqe of Land Dedication <br /> 0 to 3 1-0 <br /> 3 to 5 12 0 <br /> 5 to 7 14 0 <br /> 7 to 9 16 a <br /> 9 or more 18 <br /> Land site selection is to be approved by the park board_ The <br /> city may choose to accept an equivalent amount in cash from the <br /> applicant based on the fol_lowinq formula : <br /> Cost/Acre <br /> /minimum) x (Density Factor Subd _ Acreage ) = Park Dedication Per Unit <br /> Number of Lots in Subdivision <br /> OR <br /> Dedication/Unit ) x (Nc - of Units ) Park Dedication/Acre- <br /> Number of Acres <br />