11-4-6: CASH CONTRIBUTION:
   A.   Residential Subdivisions: The following cash contribution fees per residential unit shall be made at the time of final plat approval:
 
Zoning District
Cash Contribution Per Residential Unit
A, E-1 and E-2
$3,850.00
R-1 and R-2
$3,850.00
R-3A and R-3B
$4,000.00
R-3C
$4,900.00
   B.   Commercial (B), Industrial (I) and Institutional (P) Subdivisions: The following cash contribution fees per acre shall be made at the time of final plat approval:
 
Zoning District
Cash Dedication (Per Acre)
P
$7,000.00
B-1, B-2, B-3, and B-4
7,000.00
I-1 and I-2
5,000.00
Pursuant to Minnesota statutes 462.358, subdivision 2b(a), the per acre contribution shall be applied to the portion of buildable land in the subdivision; for this calculation, the buildable land means the area being subdivided remaining after excluding those portions that are either:
      1.   Encumbered by right of way for arterial roads as defined in the Inver Grove Heights comprehensive plan;
      2.   Lying below the ordinary high water level of public waters as identified in the shoreland management overlay district (see title 10, chapter 13, article B of this code); or
      3.   Lying within the boundaries of wetlands delineated according to the Minnesota wetland conservation act; or
      4.   Bluffs in shoreland management overlay districts abutting public waters.
   C.   Review Of Rates: Cash dedication rates will be reviewed annually and established by ordinance of the city council.
   D.   Already Existing Residential Unit: If the subdivision includes a residential unit that existed prior to the subdivision and if that already existing residential unit previously paid a park contribution or was constructed at a time that this code did not require a park contribution fee, then that particular residential unit shall not be subject to the park contribution fee imposed by this section. (Ord. 1277, 2-24-2014; amd. Ord. 1423, - -2022)