(a) The sum of five hundred and twenty-five dollars ($525.00) for each sublet of a subdivision shall be paid to the City for credit into the Parkland Trust Fund. The money shall be paid after final acceptance of the plat by Council, but prior to the Alotter filing the plat for record. Upon approval by the Service Director, the payment may be deferred until issuance of a Certificate of Occupancy. The deferred fees shall represent one hundred and five percent (105%) of the year’s fees as calculated for the year that the certificate of occupancy is granted. When Council requests land in lieu of money, not less than five percent (5%) of the total area of each allotment shall be dedicated for park purposes. The deed for property dedicated to the City for park purposes shall be a fee simple deed free of covenants and restrictions, including reversionary clauses.
(b) Whenever a commercial, business or industrial area is part of any development, two hundred sixty-five dollars ($265.00) shall be paid to the Parkland Trust Fund for each 10,000 square feet of proposed commercial, business or industrial land. Whenever a residential structure consisting of more than two living units is a part of any development, an additional one hundred and thirty dollars ($130.00) per living or rooming unit of such residential structure shall be paid to the Parkland Trust Fund.
(c) Where an allotment presented for acceptance is a portion of a larger allotment, then the five percent (5%), at the option of the City, may be held to apply to the larger area and taken in one piece instead of from each section presented for acceptance, and the proposed park for the larger area shall be dedicated with the first subdivision of the allotment. The five percent (5%) for park purposes shall be exclusive of street, alleys, or other public grounds. However, when in the opinion of the Planning Commission, the five percent (5%) does not make a proper addition to the City’s Park System, the Council may waive the park dedication requirements or accept other consideration in lieu thereof.
(d) The park fees set forth herein shall be adjusted annually by the City Auditor, using the Consumer Price Index and rounding up the amount in five dollar ($5.00) increments.
(Ord. 145-08. Passed 10-6-08.)