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A. Residcntial/agricultural/multiplc residential zoned land. Dedication requirement <br />of 8% of the land being platted; or subdivided ,- or ex isting lot of record. The dedication required <br />shall be roughly proportional to the projected impact of the proposed development on the City's park <br />system. Because of the vastly differing land values in Orono. the 8% park dedication requirement <br />could result in park dedication requirements that arc either significantly greater than or significantly <br />less than the amount which is roughly proportional to the impact of the proposed development on <br />the City's park system. Periodically, therefore, the Citv will establish both a maximum and <br />minimum park dedication amount per dwelling unit based on an updated projection of the cost of <br />the City’s park system, and the proportionate share of this projected cost to be borne bv new dwelling <br />units in Orono. This will be done bv a resolution of the Citv Council. <br />B. Commercial/industrial zoned land. Dedication requirement of 8% of the land <br />being platted or subdivided ef-ex isting lot of record. The dedication required shall be roughly <br />proportional to the projected impact of the proposed development on the City's park system. The <br />Citv finds that the employees of commercial/industrial developments in the Citv make use of the <br />City's park system, particularly trails and natural areas. Because the City's park system is focused <br />on trails and natural areas versus active community parks and ballfields. commercial/industrial <br />employees use the City's park system in wavs similar to Citv residents. Therefore, the <br />commercial/industrial dedication requirement will be tied to the residential dedication requirement <br />bv determining the number of employees that is equivalent to a residential dwelling unit in tenns of <br />impact on the City's park system. Periodically the Citv will establish both a maximum and minimum <br />park dedication amount per employee based on this determination and the determination of the <br />residential dedication requirement as set out in Paragraph A of Subdivision 3. This will be done bv <br />resolution of the Citv Council. <br />Ct Because the Citv of Orono's park system is focused on trails and natural open <br />space areas, the Citv does not have a broad system of neighborhood parks. If a subdivision is <br />planned to be serv'ed bv a neighborhood park, this subdivision will receive a greater benefit from the <br />City's park system than that received bv the general population. Therefore, the maximum park <br />dedication amount as determined in Paragraph A mav be exceeded up to the full 8% dedication <br />requirement in the case of a subdivision that is planned to be serv'cd bv a neighborhood park. <br />Subd. 4. Cash Contribution in Lieu of Lands. In those instances where a cash contribution <br />is to be made by the subdivider, in lieu of a conveyance or dedication of land, the cash contribution <br />to be contributed shall be equivalent to the fair market value of the equivalent undeveloped land that <br />would othenvise have been conveyed or dedicated. The Citv shall account for such funds in a <br />special fund named Park Dedication Funds. These funds are to be used only for the acquisition, <br />development and improvement of public parks, plavorounds. trails, wetlands, or open spaces, and <br />debt retirement in connection with the foregoing.