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1.111 Ur LliNU LAAhJ JUUl <br /> `v <br /> f <br /> CITY OF LIMO 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 La�_es , Anoka Country , Minnesota <br /> does ordain: <br /> I _ <br /> Property Dedication_ Section 1001 - 141 of the Lino Lakes City <br /> code is amended to read as follows: <br /> AMENDMENT: ELIMINATE: Entire section 1001 . 14 after (4 ) in <br /> paragraph 2 _ <br /> ADD: For residential development the <br /> following formula shall apply: <br /> 1. Density in Units/Acre Percentage of Land Dedication <br /> 0 to 3 l0 <br /> 3 to 5 12% <br /> S to 7 14 % <br /> 7 to 9 1G <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 followi_nq formula : <br /> Cost/Acre <br /> ; !minimum) x _(De.nsity Factor ' x Subd .crca ) = Park Dedication Per IJn <br /> Number of Lots in Subdivision �T <br /> OR <br /> Dedication/Unit ) � of Units, ) F),edIcal. ion /Acre <br /> — -- Number. of Acres - <br />