This section shall apply to all residential subdivision plats within the corporate limits of the city having a dwelling unit density greater than one unit per acre, and/or the owners or applicants for approval thereof. All record plats submitted to the city from and after the effective date hereof shall meet the requirements of this section.
A. Fee Per Acre:
1. All persons, firms, or corporations subdividing land under the provisions of this title for residential purposes within the boundaries of the city shall, prior to the filing of their respective record plats, pay a fee per final platted acre to the city. This fee, as identified in appendix C, section 11-9-3 of this title, shall be used by the city for the specific purpose of acquisition, improvements, and development of park land.
2. The subdivider shall tender and pay over to the city a cashier's check for said fee immediately prior to the release of the record plat by the city for recordation.
B. Fund Established; Use Specified: A separate fund to be deposited at the highest interest rate, to be entitled "park and recreation improvement fund" shall be and is hereby created, and the money paid in by owners, subdividers and applicants at time of recordation of the record plat and interest thereon, shall be held in said trust to be used solely and exclusively for the purpose of purchasing and/or improving public park and recreational land in the city. Such fees may not be used for maintaining or operating public park facilities.
C. Development Of Private Open Space: The above provisions for payment of public park fees do not abrogate the development of private open space by the subdivider for park and recreational purposes which is provided in a subdivision and where such space is to be privately owned and maintained by future residents of the subdivision. However, the development of private open space shall not be determined to be a substitute for the payment of public park fees as required in this section.
D. Storm Water Management System: The city, in developing and improving public park land, shall make every effort to do so in a manner which will also contribute to improvements in the regional storm water management system. (Ord. 594, 8-5-1997)