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<br />. <br /> <br />. <br /> <br />. <br /> <br />ATTEST: <br /> <br />(SEAL) <br /> <br />!c::..u0624 <br />~::ZS-..7 <br /> <br />to the public for public use as parks., playgrounds, public open spac.: or storm <br />water holding areas or po~ ten percent (10%) of the land of the Proposed <br />subdivision or.. at the option of the Municipality, an equivalent of cash equal to <br />ten cent 10% of the 1ll4rket value of the land at e' e of the subdivision. <br /> <br />S.:ction 3. Sc:crlon 1204.02., subd. 6 is aIne:lded to read: <br /> <br />SuM 6. DediC:lrion for ~-Subdivision; For anv subdh.ision of a narcel on which a <br />~ . <br />cash dedication for parks has previousLy been made but on which an additional cash <br />dedication is required due to re-SUbdivision, the amount of cash dedicttion required on <br />the re.SUbdivided parcel(s) to be develooed for residential YSes shall be based. on the aew <br />~ss .i<:atj market value of the land at the time of re.~Yision based on the schedule <br />set fon:h in subdivision 4 of this section less any applicable credit for the prior cash <br />dedication. The amount of cash dedicarion recnrired on the re-subdivided oart:e!(s) to be <br />deveIooed for comm~a1 or indY5trial uses shall be based on ten oet'cent n 0%) of the <br />market value of the land at the time of fe-subdivision less any anolicable g:oedit for the <br />~rior ClSh dedic:tt:ion. (1988 Cocic: g4213) <br /> <br />Sc:ction 4. This ordinance takes effect thirty days after its publication. <br /> <br />Adopted this) 7 day of {JcftJIwu . 1997 <br /> <br />-~M~-~ <br /> <br />!vf.ayor Duane McCarty <br /> <br />W<--J04;-: <br />Chuck: iN1Iiring, City Administrator <br />