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Ordinance 960 <br />Page 2 of 2 <br />IfanequivalentafflawAi a cash fee from the subdivider for part or the entire <br />portion required to be dedicated is to be paid by the subdivider, such amount is <br />due no later than at the time of final approval of the proposed subdivision. <br />SECTION 2. The City Council of the City of Mounds View hereby amends the 2019 Fee <br />Schedule by adding the double -underlined material and deleting the stfieken material as follows: <br />IL OTHER INSPECTION / PLANNING FEES <br />Park Dedication Fees (Ord. X45 <br />2W Up te 10% of fair market value - <br />Up to ten percent (10%) of the buildable_ <br />land of the broposed subdivision, or: <br />Residential: $3.500 per Dwelling Unit. <br />Commercial/Industrial: Cash equivalent of <br />UP to ten percent (10%1 of the estimated <br />market value of buildable land based on <br />SECTION 3. In accordance with Section 3.07 of the City Charter, City staff shall have the <br />following summary printed in the official City newspaper in lieu of the complete ordinance: <br />On July 22, 2019, the City Council adopted Ordinance 960 that amends Title 1200, <br />Chapter 1204, of the Mounds View City Code relating to Park Dedication Fees, and the <br />correlating section of the 2019 Fee Schedule. <br />A printed copy of the ordinance is available for inspection during regular business hours <br />at Mounds View City Hall and is available online at the City's web site located at <br />www.moundsviewmn.org. <br />SECTION 4. This ordinance shall take effect and be in force 30 days from and after its passage and <br />publication, in accordance with Section 3.09 of the City Charter. <br />Introduction and First Reading by the Mounds View City Council on July 8, 2019. <br />Second Reading and Adoption by the Mounds View City Council on July 22, 2019. <br />Publication Date: August 2, 2019. <br />Carol A. Mueller, . ayor <br />A <br />Nyl ik d, 011y Administrator <br />