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E. Payment of Cash Contribution. Cash contribution payments shall be made to the City prior to final plat approval in those cases where the subdivision results in more than three (3) lots, and prior to the City's approval of the deeds of conveyance in those cases where the subdivision will result in three (3) or fewer lots. Where there is a subdivison of property which has an existing residential dwelling, no park dedication fee shall be required for the existing dwelling unit. F. Park and Open Space Fund. Cash contributions received pursuant to this Regulation shall be placed in a separate fund by the City and used only for parks, playgrounds, trails or open space purposes. Section 401.450. Lands Designated for Public Use on Comprehensive Plan or Official Maps. Where all or a portion of the area included in a proposed subdivision has been designated as a park, playground, recreational area, proposed school site, or other public ground in the City's Comprehensive Plan or in an Official Map adopted pursuant thereto, the subdivider shall notify the appropriate governmental unit of the proposed subdivision of the property. The notice shall be given prior to submittal of the development application to the City of Lake Elmo. Prior to the City's review of the preliminary plat, the subdivider shall advise the City in writing of the status of the negotiations regarding such designated area. The Lake Elmo City Council hereby ordains that Sections 401.400(F)(1) through 401.400(F)(3), 401.400(G) through 401.400(H), 401.400(1) and its subdivisions, and 401.400(J) and its subdivisions of the Lake Elmo City Code are hereby repealed. Effective Date. This ordinance shall be effective the day following its publication. Adoption Date. Passed by the City Council t the 4th day of June 991. Davi Johnson, M ATTEST: Mary Kueffner �Pity Administrator Publication Date. Published on the 19th of C\J\LEORD91.003 3 Cilty of Lake Elmo June 1 1991.