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of the subdivision, its probabl'' population, lot siz«' <br />and value, and other relevant factors are known. 1f an <br />extension of the time limits in this chapter is approved <br />by the City Council, the fair market value shall be <br />determined as of the time of the approval of that <br />extension. In determining the fair market value as of <br />time of preliminary plat application, or the extension <br />thereof, the factors to be included in the analysis <br />shall include any and all factors which are generally <br />accepted and used by approved members 'f SREA or MAI or <br />equivalent teal estate appraisal societies. <br />(4)Notwithstanding the above, in no event shall the cash <br />contribution per lot be less than $500.00 per lot or <br />$300,00 per dwelling unit. <br />F. Development of Land Previously Platted. If the land has <br />already been previously subdivided and a~fee had not be^'n <br />previously paid, the requirements of this division shall apply at <br />the time of the issuance of a building permit for the primary <br />structure . <br />G. Future Subdivis ion. Any land which is further <br />subdivided, divide? or replatted or applied for such subsequent <br />to May 1, 1990, shall be subject to the requirements of the <br />ordinance then in effect concerning dedication of land for public <br />purposes, and credit shall be given for any charges previously <br />imposed upon that land if the subdivider can prove that fees were <br />previously paid. In no event shall the City be liable for ®^y <br />payment which may be due because of a subsequent reduction in the <br />application percentage of land or equival^'nt market valu** in cash <br />to be dedicated. <br />H. Administrative Procedures. The City Council shall <br />establish such administrative proc''dur«'s as they may deem <br />necessary or appropriate* to irapl^'ment the provisions of this <br />section of the code. <br />Section 3. <br />This ordinance shall have full force and effe'ct upon its <br />passage and publication. <br />Passed by the Coucil of the City of Orono, Hennepin County, <br />Minnesota, this 9th day of --------------.e 1990. <br />t — <br />Jamfcs R. Grabelt;^ayot <br />erk <br />)L