In subdivisions of more than fifty (50) parcels, the subdivider shall both dedicate land and pay a fee in lieu thereof in accordance with the following formula:
A. When only a portion of the land to be subdivided is proposed on the Open Space Element, as the site for a local park, such portion shall be dedicated for local park purposes and a fee computed pursuant to the provisions of Section 16.40.070 shall be paid for the value of any additional land, plus twenty-five (25) percent toward costs of off-site improvements, that would have been required to be dedicated pursuant to Section 16.40.040.
B. When a major part of the local park or recreation site has already been acquired by the City and only a small portion of land is needed from the subdivision to complete the site, such remaining portion shall be dedicated and a fee computed pursuant to the provisions of Section 16.40.070 shall be paid in an amount equal to the value of the land, plus twenty-five (25) percent toward costs of off-site improvements, which would otherwise have been required to be dedicated pursuant to Section 16.40.040 hereof, such fees to be used for the improvement of the existing park and recreation facility or for the improvement of other local parks and recreation facilities in the area serving the subdivision.
(Ord. 824-2016 § 15 (part), 2017)