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ORDINANCE NO. 960 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA AN ORDINANCE AMENDING TITLE 1200, CHAPTER 1204 OF THE MOUNDS VIEW CITY CODE RELATING TO PARK DEDICATION FEE, AND THE 2019 FEE SCHEDULE THE CITY OF MOUNDS VIEW ORDAINS: SECTION 1. 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 double -underlined material and deleting the stricken material as follows: 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. Dedication Amount: Up to ten percent (10%) of the buildable land of the proposed subdivision, or; Residential: $3,500 per Dwelling Unit Commercial/Industrial: Cash equivalent of up to ten percent (10%) of the estimated market value of buildable land based on the fair market value. The exact portion of land or its equivalent amount in cash shall be established by the 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.