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M <br />i v^^'’ <br />V <br />[Sb <br />CITY of ORONO <br />^ti2K3!^£stt <br />RESOLUTION OF THE CITY COUNCIL <br />NO. 4 r> ') ______ <br />WHEREAS, the City finds that one acre of commercial/industrial land has an impact <br />on the park system equivalent to that of 2.5 residential dwelling units; and <br />WHEREAS, the equivalent minimum and ma-ximum park dedication amounts for <br />commercialAndustrial property would be 2.5 x $2900 = $7250 per acre and 2.5 x $4900 = $12,250 <br />per acre respectively. <br />NOW, THEREFORE, BE IT RESOLVED that the Orono City Council does <br />hereby establish the minimum park dedication amount for commercial/industrial zoned land as <br />$7,250 per acre, and the maximum park dedication amount as $12,250 per acre. <br />Adopted by the City Council of the City of Orono, Minnesota at a regular meeting <br />held this 14th day of December, 1998. <br />ATTEST: <br />Linda S. Vee, City Clerk <br />Page 2 of 2