(a) If the amount of land required to be dedicated for public park purposes is less than three (3) acres and the Parks Board does not recommend park development, then the Planning Commission, at its sole discretion, may allow the subdivider to contribute funds in lieu of dedication.
(b) Determination of the value land for fees contributed in-lieu of dedication shall be based on fair market value per acre of the entire land being subdivided. Such value shall be determined as of the date of the filing of the subdivision application with the Planning Commission. (Ord. 173-2000. Passed 12-17-00.)