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2 <br />184087 <br />or developers to satisfy the land dedication requirement or the park development fee <br />requirement, or both. In evaluating the land dedication and park development requirements for a <br />specific application, the City may consider whether in conjunction with a previous subdivision <br />an adequate area of land was conveyed or dedicated to the City to meet the minimum needs for <br />parks, trails, wetlands, and open spaces resulting from the subject development proposal. <br /> <br />A. Residential dedication. <br />1. In residential subdivisions where a land dedication is required, the following formula <br />shall be used to determine the parkland dedication: <br /> <br />Category Units Per Acre <br />Percentage Park <br />Dedication/Acres of <br />Development <br />Low Density <br />Residential Up to 2.5 10 percent <br />Medium Density <br />Residential More than 2.5 to 8.0 15 percent <br />High Density <br />Residential More than 8.0 20 percent <br /> <br />2. A cash contribution in lieu of land dedication may be required at the discretion of the <br />City. The cash payment shall be determined based on the fair market of the land that <br />would otherwise be dedicated to the City. <br /> <br />B. Commercial and industrial dedication. <br /> <br />1. In commercial or industrial subdivisions where a land dedication is required, the <br />following formula shall be used to determine the parkland dedication: five (5) percent <br />of the gross area of the subdivision. <br /> <br />2. A cash contribution in lieu of land dedication may be required at the discretion of the <br />City. The cash contribution fee shall be five (5) percent of the fair market value of <br />the unimproved land. <br /> <br />C. Park development. In addition to the land dedication requirements as defined in this <br />subsection, the City may require a park development fee for subdivisions subject to <br />Section 1130.08 for the purpose of making certain improvements needed to develop <br />parks, playgrounds, trails, and open spaces, including but not limited to finished grading, <br />ground cover, landscaping, recreational facilities and equipment, paving, and utilities. <br />The City may consider a proportionate reduction in the required park development fee in <br />cases where the subdivider or developer commits to making certain required park, trail, <br />or open space improvements within the subdivision area as agreed upon in the <br />development agreement. <br />