(A) Alternative. As an alternative to the land dedication, the city may require a park dedication fee. The developer shall pay the park dedication fee before a building permit will be issued.
(B) Use of park dedication fees. The city shall use park dedication fees only for acquisition and development or improvement of parks, recreational facilities, playgrounds, trails, wetlands or open space based upon the approved park systems plan. Park dedication fees shall not be used for ongoing operation or maintenance of parks, recreational facilities, playgrounds, trails, wetlands or open space. Park dedication fees will be separately accounted for in the city’s Park Capital Fund and only used for the purposes enumerated.
(C) Calculation of park dedication fee. The park dedication fee shall be based on a reasonable estimate of the fair market value of the land that is being developed or redeveloped as determined by the County Assessor or other relevant factors, and shall include the value added by existing utilities, streets and other public improvements serving the property, but shall not include the value added of all other existing improvements on the land. The park dedication fee shall not exceed the amount stated in the fee schedule.
(2001 Code, § 1022.11)