Agenda Packets - 1982/10/25 - Laserfiche WebLink

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42.13 {�}(D) Cash payments so received shall be placed in a special fund and used only for the acquisition of land for parks, playgrounds, public open space, and storm water holding areas or ponds, development of existing park and playground sites, public open space and storm water holding areas or pond:;, ;ind debt retirement in connection with land pre- viously acquired for such public purposes. Expenses incurred by the City in acquiring said cash dedication may be deducted from said dedication before it is deposited in the park and playground fund. {3}(C) The Municipality, at its sole discretion, may take into consideration the open space, park, recreational or common areas and facilities which the subdivider has provided for the exclusive use of the residents of the subdivision, except that storm water holding areas or ponds, whether re- quired by the Municipality or any other regulatory body, may not be taken into consideration. Subdivision 2. Procedures. Upon receipt of a qualifying subdivision the Council shall refer it to the Park and Recreation Commission. Said commission shall report to the Council its recom- mendation as to whether there should be a land or a cash payment dedication. Upon receipt of the recommendation, the Council shall call for either a land dedication or a cash payment, in size, loca- tion or amount as it determines. The Council may require a profes- sional appraisal to determine market value for purposes of a cash payment. 0 Subdivision 3. Credit for Existing Single Family Dwelling. The subdivider of any parcel of land shall receive a ere it for the existing single family dwelling unit by excluding the acreage of the occupied parcel remaining after subdivision from the computation of dwelling units per acre, if the parcel of land is zoned for single family dwelling. Subdivision 4. Dedication for Residential Lands. The subdivider of anv tract of land which is to be developed for residential uses shall dedicate to the public for public use as parks, playgrounds, public open space, or storm water holding areas or ponds, that dollar value of the tract to be subdivided, which corresponds with the applicable density of the subdivision in the following schedule: Density 0 - 2 Dwelling units/acre 2.1 - 3 Dwelling units/acre 3.1 - 4 Dwelling units/acre 4.1 - 5 Dwelling units/acre 5.1 or More Dwelling unit/acre Maximum Dedication Per Acre as a % of Fair Market Value of Unde- veloped Land