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389566v3 SJS MU125-11 4 Subd. 5. Re-Approval: In the event the plat is not recordable as approved or the subdivider fails to record within the time prescribed herein, the Council may re- approve the final plat upon payment of the plat reapproval fee as specified in Appendix E and the following terms and conditions: a) that the subdivider proves to the satisfaction of the Council that the delay was caused by conditions beyond the control of the subdivider, and b) that the extension of time requested has or will have no adverse effect on the City or property owners of the City, and c) that the Council shall set the time limit of the extension requested but in no event shall it exceed one hundred twenty (120) days six months. SECTION 5. The City Council of the City of Mounds View hereby amends Title 1200, Chapter 1202, Section 1201.09 of the Mounds View Municipal Code by adding the underlined material and deleting the stricken material as follows: 1201.09: 1202.09: COPIES OF PLATS: copies of all such plats of subdivisions, after the same have been submitted and approved as provided in these regulations, shall be filed and kept by the City Administrator among the records of Mounds View. SECTION 6. The City Council of the City of Mounds View hereby amends Title 1200, Chapter 1204, Section 1204.02 of the Mounds View Municipal Code by adding the underlined material and deleting the stricken material as follows: Subd. 1. Dedication Required: a. Pursuant to Minnesota Statutes 462.358, iIn all subdivisions to be developed for residential, commercial, industrial or other uses or as a planned development which includes residential, commercial and industrial uses or any combination thereof, a subdivider shall dedicate a reasonable portion of each the buildable land of the proposed subdivision to the public or to be preserved for public use as parks, recreational facilities, playgrounds, trails or public open space, wetlands or storm water holding areas or ponds or, at the option of the Municipality and at its sole discretion, the subdivider shall contribute an equivalent amount in cash based on the fair market value of the land. For purposes of this Section, “buildable land” means the gross acreage of the subdivision excluding designated wetlands and land set aside as open space in a manner approved by the City. b. The City may, at its option, require a cash contribution in lieu of dedication or require a portion of the required dedication be in land and a cash contribution in lieu for the balance thereof. Cash payments so received shall be placed in a special fund and used only for the acquisition and development or improvement of land for parks, recreational facilities, playgrounds, trails, wetlands, public open space and storm water holding areas or ponds, development of existing park and playground sites, public open space and storm water holding areas or ponds, redevelopment or rehabilitation of existing facilities or sites and or debt retirement in connection with