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ZONING APPLICATIONS (CONT.) <br />Applicable <br />Fee Code Section <br />PARK DEDICATION FEES I <br />Land Dedication Minimum Area - Subdividers shall be required to dedicate to the City for <br />parks, playgrounds, trails, open spaces and other public purposes as a minimum that percentage <br />of gross land area, or other such amount as may be determined by the City Council, as set forth below: <br />(1) Residential/AgriculturallMultiple Residential Zoned Land. <br />Dedication requirement of 8% of the land being platted or subdivided. <br />(Exclusive of lot that includes an existing residence.) <br />(2) Commerciat/Industrial Zoned Land. <br />Dedicated requirement of 8% of the land being platted or subdivided. <br />Cash Contribution in Lieu of Lands. In those instances where a cash contribution is to be made <br />by the subdivider, in lieu of a conveyance or dedication of land, the cash contribution to be <br />contributed shall be equivalent to the fair market value of the equivalent undeveloped land <br />that would otherwise have been conveyed or dedicated. The City shall account for such funds in <br />a special fund named Park Dedication Funds. <br />The City Council has established by resolution a minimum residential park fee of <br />$3,250 per dwelling unit and a maximum of $5,550 per dwelling unit. <br />The City Council has established by resolution a minimum commerciallindustrial park fee of <br />$8,125 per acre and a maximum of $13,875 per acre. <br />Sec. 82-227 <br />Res. 4738 (12-10-01) <br />Res. 4739 (12-10-01) <br />2016 Fee Schedule -Page 5 <br />