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•;vf <br />B. *Park dedication fee, the amount of which shall be determined as soon <br />as City Assessor has placed a fair market value on the undeveloped land <br />at the time of preliminary plat approval. The applicant shall be advised <br />as soon as Assessor's report has been filed with City. Park dedication <br />fee shall be based on 8% of the fair market value of land within Lot 1. <br />Adopted by the City Council of the City of Orono, Minnesota at its regular <br />meeting held this 13th day of October, 1997. <br />ATTEST: <br />Gabriel Jabbour, MayorDorothy M. Hallin, City Clerk <br />STATE OF MINNESOTA ) <br />) ss. <br />COUNTY OF HENNEPIN ) <br />The foregoing instrument was acknowledged before me on this — day of <br />,199 , by Gabriel Jabbour & Dorothy M. Hallin, Mayor & City Clerk of Ae^ City of <br />Orono, a Minnesota municipal corporation and said instrument was executed on behalf of the <br />City. <br />Notary Public <br />Page 9 of9