The owner of each new subdivision as a prerequisite to the approval of the final plat thereof, shall pay a park and playground fee into the Park and Playground Fund. Said fee to comply with the current ordinance established fee schedule.
(a) The Park and Playground Fund shall be used for the acquisition or improvement of municipal parks and playgrounds exclusively, and for no other purpose.
(b) In lieu of payment of the park and playground fee, the Council on recommendation of the Planning and Zoning Commission may accept the dedication for public work and playground use, open spaces constituting not less than fifteen percent (15%) of the gross acreage of the subdivision, suitably located and of adequate size.
(Ord. 22-089. Passed 12-5-22.)