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o' A • <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 1001.14 after (4) in <br />paragraph 2. <br />ADD: For residential development the <br />following formula shall apply: <br />I. Density in Units/Acre Percentage of Land Dedication <br />0 to 3 af- 10% <br />3 to 5 ` 12 % <br />5 to 7 14 % <br />7 to 9 16% <br />J�01 or more 18% <br />1 <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 following formula: <br />Land Cost/Acre <br />($10,000/minimum acre) x (Density Factor,% x Subd. Acreage) <br />= Park <br />Number of Lots in Subdivision Dedication <br />/Unit <br />^�. or <br />