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WHFRE AS, the City finds that one acre of commercial/industrial land has on impact <br />on the park system equivalent to that of 2.5 residential dwelling units; and <br />WHEREAS, the equivalent minimum and maximum park dedication amounts for <br />commercial/industrial property would be 2.5 x $3,250 - $8,125 per acre and 2.5 x $5,550 = $13,875 <br />per acre respectively. <br />NOW. THEREFORE. BE IT RESOLVXD that the Orono City Council does <br />hereby establish the minimum park dedication amount for commercial/industrial zoned land as <br />$8,125 per acre, and the maximum park dedication amount as $13,875 per acre. <br />Adopted by the City Council of the City of Orono, Minnesota at a regular meeting <br />held this 10th day of December, 2001. <br />ATTEST* <br />Barbara A. Peterson, Mayor <br />Lindas. Vee, City Clerk <br />Page 2 of2