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is utilized because the nature of the subdivision, its <br />probable population, lot size and value, and other rele- <br />Vtint factors are known. If an extension of the time <br />limits in this chapter is approved by the City Council, <br />the fair market value shall be determined as of the time <br />of the aporoval of that extension. In deterroinin9 "the <br />fair market value as of time of preliminary plat appli­ <br />cation, or the extension thereof, the factors to be <br />included in the analysis shall include any and all fac­ <br />tors which are generally accepted and used by approved <br />members of SREA or MAI or equivalent real estate <br />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 />y. Development of Land Previously Platted. If the land has <br />already been previously subdivided and a fee had not been previ­ <br />ously paid, the requirements of this division shall apply at the <br />time of the issuance s.. a building permit for the primary struc­ <br />ture . <br />G. Future Subdivision. Any land which is further subdivi­ <br />ded, divided or repiatted sub. ,uent to __ _r 19 / shall <br />be subject to the requirements of the ordinance then in effect <br />concerning dedication of land for public purposes, and credit <br />shall be given for any charges previously imposed upon thau land <br />if the subdivider can prove that fees were previously paid. in no <br />event shall the City be liable for any payment which may be due <br />because of a subsequent reduction in the application percentage of <br />land or equivalent market value in cash to be dedicated. <br />H. Administrative Procedures. The City Council shall estab­ <br />lish such administrative procedures as they may deem necessary or <br />appropriate to implement the provisions of this section of tne <br />code. <br />Section 3. <br />This ordinance shall have full force and effect upon its <br />passage and publication. <br />Passed bv the Council of the City of Orono, Hennepin County, <br />Minnesota, this _____ day of _____________________1939. <br />Mayor <br />ATTESTi <br />Cierx