Agenda Packets - 2002/02/19 - Laserfiche WebLink

Home Browse Search

Subdivision Size Per Acre__ Residential uses on parcel(s) with a 5% of market total area of less than one acre value of land Residential uses on parcel(s) with a 10% of market total area of one acre or greater value of land (Ord. 604, 1997) Subd. 5. Dedication for Commercial and Industrial Lands: The subdivider of any tract of land which is to be developed for commercial and industrial uses shall dedicate to the public for public use as parks, playgrounds, public open space or storm water holding areas or ponds, ten percent (10%) of the land of the proposed subdivision or, at the option of the Municipality, an equivalent of cash equal to ten percent (10%) of the market value of the land at the time of the subdivision. (Ord. 604, 1997) Subd. 6. Dedication for Re-Subdivision: For any subdivision of a parcel on which a cash dedication for parks has previously been made but on which an additional cash dedication is required due to re-subdivision, the amount of cash dedication required on the re-subdivided parcel(s) to be developed for residential uses shall be based on the market value of the land at the time of re-subdivision based on the schedule set forth in subdivision 4 of this Section less any applicable credit for the prior cash dedication. The amount of cash dedication required on the re-subdivided parcel(s) to be developed for commercial or industrial uses shall be based on ten percent (10%) of the market value of the land at the time of re-subdivision less any applicable credit for the prior cash dedication. (1988 Code §42.13) (Ord. 604, 1997)