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CURRENT <br />PARK DEDICATION POLICY <br />Sec. 90-324. - Park dedication. <br />In order to develop a system of parks within the community to serve the public's health <br />and recreational needs, ten percent of the net buildable acreage (total acres minus <br />wetlands and floodplain acres) of all land subdivided for residential purposes shall be <br />dedicated to the city as public parkland. The land so dedicated shall be subject to <br />approval by the city council in accordance with the city's master park plan. At the city <br />council's discretion, a parkland dedication fee may be accepted or required instead of land <br />dedication. The parkland dedication fee shall be charged for each dwelling unit originated <br />by the subdivision or development of any property in the city, not including any dwelling <br />unit that may be in existence at the time of the adoption of the ordinance from which this <br />article is derived, or which is subject to an approved development agreement with the city <br />that includes a parkland dedication provision. A parkland dedication fee shall also be <br />charged to commercial and industrial property pursuant to city ordinance. <br />(Prior Code, § 1215-040.1) <br />Parkland dedication: <br />Commercial and industrial $2,400.00 per acre <br />Residential $2,400.00 per unit <br />