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HomeMy WebLinkAboutResolution 1252 � ' R NO • Clt� of O O RESOLUTION OF THE CITY COUNCIL � NO. 1252 • - • • A RESOLUTION TO AMEND RESOLUTION #675 ESTABLISHING A PARK FUND The City of Orono hereby amends Resolution #675 to read: WHEREAS, City of Orono Ordinance No. 220 requires the establishment of a separate fund for deposit of all cash contributions received from subdivisions in lieu of conveyance or dedication of land for parks, playgrounds, and other public purposes. BE IT HEREBY RESOLVED that the Park Fund be established and all park dedication fees collected by the City according to the current fee schedule be credited to the Park Fund. BE IT FURTHER RESOLVED that the park dedication fees be used only for the acquisition, development, or maintenance of public parks, playgrounds, surface water holding areas limited only to ponding areas, and debt retirement in connection with land • previously acquired for such public purposes within the City of Orono. Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held February 23 , 1981. i , � � .� l.� _ �� '� �C'.':�(,.�1,,,�. William B. Van Nest, Mayo -� .� Attest: %�� �1�, ���'���y�.t�' — Alberta�Strom, City Clerk •