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CHANGE PARAGRAPH 3 TO READ: <br />Paragraph 3. For residential, commercial, and industrial <br />development the following land dedication will apply: <br />Density in Units/Acre Percentage of Land Dedication <br />0 to 3 <br />10% <br />3 to 5 <br />12% <br />5 to 7 <br />14% <br />7 to 9 <br />16% <br />10 or more <br />18% <br />Land site selection is to be approved by the park board. <br />The city may choose to accept an equivalent amount in cash <br />from applicant based on the following formula: <br />Land Cost/Acre <br />($10,000/minimum acre) X (Density factor % x Subd. acreage) <br />............................................................ <br />Number of ketsAil�f,.in Subdivision <br />Park Dedication/I.eT- <br />Paragraph 4. The park board may accept any combination of <br />land and monies, not to exceed the dedication requirements. <br />Paragraph 5. Minor subdivisions, <br />will be required to follow the Land <br />j' listed in the ordinance, or $500.00 <br />decision of the park board. <br />as defined by ordinance, <br />Dedication Density Table <br />per building site, at the <br />V-kj-x-- U C� <br />/9 <br />