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PARK DEDICATION <br />Land Dedication Minimum Area - Developers shall be required to dedicate to the City for parks, playgrounds, trails, open spaces and other public purposes an <br />amount of land proportional to the amount of land being developed and to the number of residential units or commercial industrial employment, as set forth <br />in Section 6.20.950: <br />0.1 acres of land per residential dwelling unit <br />0.1 acres for every acre of commercial or industrial zoned land, or 0.1 per every 14 expected employees, whichever is greater <br />Cash contribution is equal to the amount of land required In those instances where a cash contribution is to be made by the developer, in lieu of a <br />conveyance or dedication of land, the cash contribution to be contributed shall be equivalent to the fair market value of the land to be dedicated. <br />Cash contribution maximum <br />Where the anticipated park needs are greater than the number of acres to be developed, the city establishes a maximum park dedication maximum: <br />Residential density of 3 units per acre or less: maximum 4 percent of the predeveloped value <br />Residential density of 3.1- 8 units per acre: maximum 8 percent of the predeveloped value <br />Residential density of 8.1-15 units per acre: maximum 12 percent of the predeveloped value <br />Residential density of 15.1 units per acre or more: maximum 20 percent of the predeveloped value <br />STORMWATER AND DRAINAGE TRUNK FEES <br />Storm water trunk fees apply to new development and redevelopment of existing properties and provide funding for the storm water infrastructure necessary <br />to serve the City. The trunk fee is based on the land use and acreage of the property being developed. An equivalency factor multiplier is assigned to each <br />land use type, with a 2-acre residential lot considered as the standard in the City with an equivalency factor of 1.0. The table below lists the storm water trunk <br />fees per acre for the various zoning districts and land uses in the City. <br />Stormwater and Drainage Trunk fees as established by Subdivision III, Section 2.04.1230 of the City Code. <br />Per new lot, or new <br />NEW DEVELOPMENT LAND USE structure on Per buildable acre <br />previously vacant lot <br />Single Family Residential 5 Acre Zone <br />$16,150.00 <br />Single Family Residential 2 Acre Zone <br />$8,060.00 <br />Single Family Residential 1 Acre Zone <br />$5,250.00 <br />Single Family Residential 1/2 Acre Zone <br />$3,025.00 <br />Multi Family Residential 4 Units/Acre or Less <br />$7,275.00 <br />Multi Family Residential Greater than 4 Units/Acre <br />$8,490.00 <br />Commercial or Industrial <br />$9,690.00 <br />Multi -family and High -Density Single Family Developments. Trunk fee shall be <br />charged on a per -acre basis, except that the following acreages will not be subject <br />to the trunk fee: <br />all wetland acreage up to the delineation line <br />acreage of stormwater ponding or similar improvements that provide additional treatment benefits beyond what is required to treat the stormwater runoff <br />from the development site. <br />of conservation easements resulting from Conservation <br />39 <br />