1986-014 Council Ordinances - Laserfiche WebLink

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• .J CITY OF LINO LAKES COUNTY OF ANOKA STATE OF MINNESOTA ORDINANCE NO. /zJ ,g( AN ORDINANCE AMENDING THE LINO LAKES CITY CODE BY AMENDING PROPERTY DEDICATION PROVISIONS OF THE SUBDIVISION OF LAND REGULATIONS CON- TAINED THEREIN. The City Council of the City of Lino Lakes ordains: Section 1. Property Dedication. Section 1001.14 of The Lino Lakes City Code is amended to read as follows: Section 1001.14. Property Dedication. The developer shall dedicate to the city a reasonable portion of the proposed subdivision for public streets, roads, utility easements, water facilities, storm water drainage and holding areas or ponds and other similar utilities and improvements. In addition, the developer shall dedicate to the city land for public use as parks, playgrounds, trails or other open space. The criterion to be used by the City in determining the park needs is as follows: • • 1. Proposed development density and use. 2. Proximity of development to existing parks. 3. Open space within the development. 4. Future park needs per the comprehensive plan. rc / ` (v rkC CIiV For residential, commercial and industrial development • the following land dedication shall apply: 10% of the total land acreage in the development.i/The City may choose to ac- cept an equivalent amount in cash from the applicant for part or all of the portion required to be dedicated to such public uses or purposes based on the fair market value of the land at the time of final approval. This cash equivalent for all residential development shall be $160.00 per dwelling unit to be constructed within such proposed. development. For commercial/industrial development, the cash equivalent shall be ten (10%) per cent of the fair market land value of the development. All cash payments so received shall be placed in a special fund by the City to be used only for acquisition, betterment or debt retirement related to parks, playgrounds, trails and open spaces. This payment is due to the City Clerk -Treasurer before any documents may be filed with the County Recorder's Office.