(a) Amount of Development Impact Fee. In addition to all other requirements, a subdivider, developer or builder shall be required to pay a park development impact fee in an amount equal to the fair market value of the land to be dedicated as described in Section 1230.10.
(b) Determination of Fair Market Value. Fair market value shall be determined as described in Section 1230.09.
(c) Credit for Voluntary Dedication. If a subdivider or developer dedicates land in addition to the amount required in Section 1230.10, the Planning Commission may grant credit to the developer or subdivider against the amount of the park development fee. The credit granted shall be no greater than one-half of the fair market value of the additional land to be dedicated.
(d) Developers, builders or subdividers that have single lots or minor lot splits, who have paid a flat fee as set forth in Section 1230.10(c), shall pay a flat fee of five hundred dollars ($500.00) for a Park Impact Fee.
(Ord. 115-03. Passed 10-2-03; Ord. 146-04. passed 7-16-04.)