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389566v3 SJS MU125-11 5 land previously acquired or improvements thereto previously constructed for such public purpose. No funds shall be used for ongoing operation or maintenance of existing parks or recreational facilities or sites. Expenses incurred by the City in acquiring such cash dedication may be deducted from said dedication before it is deposited in the Park and Playground Fund. c. In considering the portion to be dedicated or preserved or the amount of the cash contribution, Tthe Municipality City, at its sole discretion, may take into must give due consideration to the open space, park, recreational or common areas and facilities open to the public which the subdivider has reserved for the subdivision; except, that storm water holding areas or ponds, whether required by the Municipality City or any other regulatory body, may will not be taken into consideration. Subd. 2. Determination of Dedication Procedure: Upon receipt of a qualifying subdivision, the Council shall refer it to the Parks and Recreation Commission. Said Commission shall report to the Council its dedication recommendation. Upon receipt of the recommendation, the Council shall call for either a land dedication, or a cash payment or a combination of the two, in size, location or amount, as it determines. The Council may require a professional appraisal to determine market value for purposes of a cash payment, the cost of which shall be paid by the subdivider. Subd. 3. Credit for Existing Single-Family Dwelling: The subdivider of any parcel of land shall receive a credit for an existing single-family dwelling unit by excluding the acreage of the occupied parcel remaining after subdivision from the computation of dwelling units per acre if the parcel of land is zoned for single-family residence and has located thereon one single-family dwelling. Subd. 4. Dedication Amount: A reasonable portion of the land of any proposed subdivision or its equivalent in cash shall be dedicated by the subdivider for public use. Up to ten percent (10%) of the buildable land of the proposed subdivision or its equivalent in cash based on the fair market value shall constitute a reasonable portion for dedication purposes under this section. The exact portion of land or its equivalent amount in cash shall be established by the municipality City based on the following factors:  Type of the proposed subdivision land use: residential, industrial or commercial;  The need for open space generated by the proposed subdivision;  Existence of land dedicated for public use within the proposed subdivision, excluding areas reserved as storm water holding ponds;  Fair market value of the land;  Other relevant factors unique to a particular subdivision supporting the need for dedication of lands for public use.