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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 theCity 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 10% <br />3 to 5 12% <br />5 to 7 14% <br />7 to 9 16% <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 following formula: <br />,and Cost/Acre <br />'$10,000/minimum) x (Density Factor % x Subd_ Acreage) = Park Dedication Per Unit <br />Number of Lots in Subdivision <br />OR <br />'Park Dedication/Unit) x (No_ of Units) = Park Dedication/Acre <br />Number of Acres <br />