As a condition of approval of a tentative or final tract map or parcel map for a residential subdivision, or for a building permit within a subdivision, the subdivider shall be required to dedicate park land or pay an in lieu fee, or both, at the sole and exclusive option of the city, in an amount set by resolution of the City Council, as authorized by this chapter, for park and recreational purposes, unless the subdivider is exempted from this requirement by the express provisions of this chapter. The payment of an impact fee and/or dedication of land shall be at the time and according to the standards and formula contained in this chapter.
(Ord. 2845 § 2 (part), 2006)