(a) Every commercial or industrial development project owner or developer, whether or not the commercial or industrial development project is subject to development plan regulations, shall be required to make a cash payment to the City in the amount of one hundred dollars ($100.00) per 1000 gross square feet of new or expanded commercial or industrial space for deposit in the Special Parks Fund. Such deposits shall be used for the capital costs associated with the City’s parks, playground and recreation areas. No public area payment shall be required for any commercial or industrial development project owner or developer who was required to make a dedication of land to the City pursuant to Section 1101.06(a).
(Ord. 33-2001. Passed 11-5-01.)
(b) The public area payment required by this section shall be made prior to the issuance of the building permit for the project.
(c) A credit shall be granted for any commercial or industrial development constructed on a lot which previously contained a similar structure, but which structure was demolished on or after January 1, 1995. The credit shall be in an amount which would have been paid for such demolished structure in accordance with the schedule set forth in subsection (a) hereof. In no event shall the credit granted be greater than the payment due in connection with the new development.
(Ord. 14-95. Passed 4-10-95.)
(Ord. 14-95. Passed 4-10-95.)