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ZO1�IING APPLICATIONS(CONTJ <br /> Applicable <br /> Code Section <br /> PARK DEDICATION FEES I Municipal Code <br /> Section 11.62 <br /> Land Dedication Minimum Area-Subdividers shall be required to dedicate to the City for <br /> parks, playgrounds, trails, open spaces and other public purposes as a minimum that percentage <br /> of gross land area, or other such amount as may be determined by the City Council, as set forth below: <br /> (1) Residential/Agricultural/Multiple Residential Zoned Land. <br /> Dedication requirement of 8%of the land being platted or subdivided. <br /> (Exclusive of lot that includes an existing residence.) <br /> (2) Commercial/Industrial Zoned Land. <br /> Dedicated requirement of 8%of the tand being platted or su6divided. <br /> Cash Contribution in Lieu of Lands. In those instances where a cash contribution is to be made � <br /> by the subdivider, in lieu of a conveyance or dedication of land, the cash contribution to be <br /> contributed shall be equivalent to the fair market value of the equivalent undeveloped land <br /> that would otherwise have been conveyed or dedicated. The City shall account for such funds in <br /> a special fund named Park Dedication Funds. <br /> The City Council has established by resolution a minimum residential park fee of <br /> $2,900 per dwel(ing unit and a maximum of$4,900 per dwelling unit. <br /> The City Council has established by resolution a minimum commercial/industrial park fee of <br /> $7,250 per dwelling unit and a maximum of$12,250 per dwelling unit. <br /> 7 <br /> , , , . <br />