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I < <br />of thr subdivision, its pcobabl^' population, lot siz^' <br />and valup, and other relevant factors arc known. If 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 of SREA or MAI or <br />equivalent real 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 iubd i v idea and i Fee had not been <br />previously paid, the require^aents of this division shall apply at <br />the time of the issuance of a building permit for the primary <br />str ucture . <br />G. Future Su bdivision. Any land which is further <br />subdivided, divided 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 any <br />payment which may be due because of a subsequent reduction in the <br />application percentage of land or equivalent market value in cash <br />to be dedicated. <br />H. Administrative Procedures. The City Council shall <br />establish iuch administrative pTocedures as they may deem <br />necessary or appropriate to implement the provisions of this <br />section of tne code. <br />Section 3. <br />This ordinance shall have full force and effect upon its <br />passage and publication. <br />Passed by the Coucil of the City of Orono, Hennepin County, <br />Minnesota, this 9th day of _ _ _April_ _ _ _ _ _, 1990. <br />James R. Grabek, Mayor <br />ATTEST: <br />Dorothy M. Hallin, CityClerk