A. At the time of approval of the tentative map or parcel map, the City Council shall determine pursuant to Section 16.40.040 the land required for dedication. If the City Council requires in-lieu fee payment by the subdivider, the City Council will set the amount of land upon which the in-lieu fee will be based at the time of the final map approval.
B. At the time of filing of the final subdivision map or parcel map, the subdivider shall dedicate the land or pay the fees as required by the City Council as established at the time of tentative map or parcel map approval. In-lieu fees will be established using current land values at the time of final map approval with the formula set forth in Section 16.40.070. The City Council shall set the in-lieu fee based on the fair market value of the land as determined using the process set forth in Section 16.40.080.
C. Open space covenants for private park or recreation facilities shall be submitted to the City prior to approval of the final subdivision map or parcel map and will be recorded contemporaneously with the final subdivision map.
(Ord. 824-2016 § 15 (part), 2017)