(a) The Planning Commission shall require the dedication of five percent (5%) of the gross area of a proposed residential subdivision in order to better meet the future open space needs of the City. Where such a dedication is required, steep slopes, streams, lakes, watercourses and floodplains shall constitute a maximum of forty percent (40%) of the dedicated land. In addition, all land proposed for dedication must have public access by adjoining street frontage of not less than 100 feet, or by a public easement of equal size. In no instance shall the Planning Commission require the dedication of parkland where the size of the proposed parcel would amount to less than one-half acre.
(b) In any residential subdivision where the dedication of land for park purposes is deemed by the Planning Commission not to be in the best interest of the general public, the Commission shall require, as a condition to approval, fees to be paid according to a fee schedule as established by City Council.
(c) Where a fee in lieu of dedication is required as a result of the construction of new housing within the City, that money shall be payable upon issuance of a zoning permit by the Zoning Inspector. In addition, all fees collected as a result of new residential subdivision development shall be deposited in a special account which may subsequently be used for the purpose of either parkland acquisition or development.
(Ord. 45-08. Passed 12-15-08.)