(A) Condition to approval. As a condition to the approval of any subdivision of land in any zone, including the granting of a variance and including approval of planned unit developments, there shall be a portion dedicated to the public for use as a park as provided by M.S. § 462.358, subd. (2)(b), as it may be amended from time to time, or in lieu thereof, a cash deposit given to the city to be used for park purposes all as hereafter set forth.
(B) Amount to be dedicated. The portion to be dedicated in all zoned areas shall be 7%.
(C) Utility dedications not qualified. Land dedicated for required street right-of-way or utilities, including drainage, does not qualify as park dedication.
(D) Payment in lieu of dedication. Where park dedication is deemed inappropriate by the city, the city shall allow the owner to deposit a sum of money in lieu of a dedication. The deposit for park purposes shall be 4% of the value of the unimproved land as determined by the County Assessor pursuant to M.S. § 273.17, as it may be amended from time to time, or $4,500 per acre, whichever amount is less.
(Ord. 153, passed 11-8-1999)