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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 />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: <br />I. Density in Units/Acre <br />0 to 3 <br />3 to 5 <br />5 to 7 <br />7 to 9 <br />9 or more <br />For residential development the <br />following formula shall apply: <br />Percentage of Land Dedication <br />10% <br />12% <br />14% <br />16% <br />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 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 />(Park Dedication/Unit) x (no. of Units) = Dedication <br />Per Acre <br />Number of Acres <br />