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City of Mounds View <br />1204.02 1204.02 (Rev. 7/04) <br /> c. The Municipality, at its sole discretion, may take into consideration the open space, park, <br />recreational or common areas and facilities which the subdivider has reserved for the <br />subdivision; except, that storm water holding areas or ponds, whether required by the <br />Municipality or any other regulatory body, may not be taken into consideration. (Amended, <br />Ord. 745, 7-26-04) <br />Subd. 2. Determination of Dedication Procedure: Upon receipt of a qualifying subdivision, the <br />Council shall refer it to the Parks and Recreation Commission8. Said Commission shall <br />report to the Council its dedication recommendation. Upon receipt of the recommendation, <br />the Council shall call for either a land dedication or a cash payment, in size, location or <br />amount, as it determines. The Council may require a professional appraisal to determine <br />market value for purposes of a cash payment. <br />Subd. 3. Credit for Existing Single-Family Dwelling: The subdivider of any parcel of land shall <br />receive a credit for an existing single-family dwelling unit by excluding the acreage of the <br />occupied parcel remaining after subdivision from the computation of dwelling units per acre <br />if the parcel of land is zoned for single-family residence and has located thereon one <br />single-family dwelling. <br />Subd. 4. Dedication Amount: A reasonable portion of the land of any proposed subdivision or its <br />equivalent in cash shall be dedicated by the subdivider for public use. Up to ten percent <br />(10%) of the land of the proposed subdivision or its equivalent in cash based on the fair <br />market value shall constitute a reasonable portion for dedication purposes under this section. <br />The exact portion of land or its equivalent amount in cash shall be established by the <br />municipality based on the following factors: <br />Type of the proposed subdivision land use: residential, industrial or commercial; <br />The need for open space generated by the proposed subdivision; <br />Existence of land dedicated for public use within the proposed subdivision, <br />excluding areas reserved as storm water holding ponds; <br />Fair market value of the land; <br />Other relevant factors unique to a particular subdivision supporting the need for <br />dedication of lands for public use. <br /> If an equivalent amount in cash from the subdivider for part or the entire portion required to <br />be dedicated is to be paid by the subdivider, such amount is due no later than at the time of <br />final approval of the proposed subdivision. (Ord. 604, 1997; Amended, Ord. 745, 7-26-04) <br />8 See Chapter 405 of this Code.