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1204.02 <br />1204.02 (Rev. 97) <br />c. The Municipality, at its sole discretion, may take into consideration the open space, <br />park, recreational or common areas and facilities which the subdivider has provided for <br />the exclusive use of the residents of the subdivision; except, that storm water holding <br />areas or ponds, whether required by the Municipality or any other regulatory body, may <br />not be taken into consideration. <br />Subd. 2. Determination of Dedication Procedure: Upon receipt of a qualifying subdivision, the <br />Council shall refer it to the Parks and Recreation Commission. Said Commission shall <br />report to the Council its dedication recommendation. Upon receipt of the <br />recommendation, the Council shall call for either a land dedication or a cash payment, in <br />ci7e, location or amount- as it determines. The Council may require a professional <br />appraisal to determine market value for purposes of a cash payment. <br />Subd. 3. Credit for Existing Single -Family Dwelling: The subdivider of any parcel of land <br />shall receive a credit for an existing single-family dwelling unit by excluding the acreage <br />of the occupied parcel remaining after subdivision from the computation of dwelling units <br />per acre if the parcel of land is zoned for single-family residence and has located thereon <br />one single-family dwelling. <br />Subd. 4. Dedication for Residential Lands: The subdivider of any tract of land which is to be <br />developed for residential uses shall dedicate to the public for public use as parks, <br />playgrounds, public open space or storm water holding areas or ponds, that dollar value <br />of the tract to be subdivided, which corresponds with the applicable size of the <br />subdivision in the following schedule: <br />Cash Dedication <br />Subdivision Size Per Acre <br />Residential uses on parcel(s) with a 5% of market <br />total area of less than one acre value of land <br />Residential uses on parcel(s) with- a 10% of market <br />total area of one acre or greater value of land <br />(Ord. 604, 1997) <br />Subd. 5. Dedication for Commercial and Industrial Lands: The subdivider of any tract of land <br />which is to be developed for commercial and industrial uses shall dedicate to the public <br />for public use as parks, playgrounds, public open space or storm water holding areas or <br />ponds, ten percent (10%) of the land of the proposed subdivision or, at the option of the <br />Municipality, an equivalent of cash equal to ten percent (10%) of the market value of the <br />land at the time of the subdivision. (Ord. 604, 1997) <br />I See Chapter 405 of this Code. <br />City of Mounds View <br />