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1. In commercial or industrial subdivisions where a land dedication is required, the <br />following formula shall be used to determine the parkland dedication: seven and a <br />half 7.5 percent of the gross area of the subdivision. <br />2. A cash contribution in lieu of land dedication may be required at the discretion of <br />the City. The cash contribution fee shall be seven and a half (7.5) percent of the <br />fair market value of the unimproved land. <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 Section <br />1130.08 for the purpose of making certain improvements needed to develop parks, <br />playgrounds, trails, and open spaces, including but not limited to finished grading, ground <br />cover, landscaping, recreational facilities and equipment, paving, and utilities. The City <br />may consider a proportionate reduction in the required park development fee in cases where <br />the subdivider or developer commits to making certain required park, trail, or open space <br />improvements within the subdivision area as agreed upon in the development agreement. <br />2. Commercial and industrial park development fee. In commercial or industrial <br />subdivisions where a park development fee is required, the fee shall be seven and a <br />half 7.5 percent of the fair market value of the unimproved land. <br />SECTION 2. This Ordinance shall be effective immediately upon its passage and <br />publication according to law. <br />PASSED and ADOPTED this 271h day of August, 2018, by the City Council of the <br />City of Arden Hills, Minnesota. <br />CITY OF ARDEN HILLS <br />By <br />David Grant, Mayor <br />ATTEST: <br />J 1 e Hanson, City Clerk <br />Published in the Shoreview -Arden Hills Bulletin on September 5, 2018. <br />184087 <br />