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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 />