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DEVELOPMENT ORDINANCE <br />Proposed Dwelling <br />Units per Acre <br />0 _ 2 <br />2.1 - 3 <br />3.1 - 4 <br />4.1 - 5 <br />n the event of a resubdivision ofland eshall <br />(2) Resubdivislon: in <br />payment has been made, t <br />previous cash equi the amount of previous payment which was aPpli- <br />receive credit f resubdivided. tion, may permit <br />cable to the area being at its op <br />Installment Payments: The City Council, over a period <br />ivalency payment nt approved by the <br />the developer to suhnit the cash equa nt agrees <br />of time pursuant to an installment p yme ire the payment of inter - <br />The agreement shall mfinal payment within <br />City's Attorney• principal and shall requirent oz building <br />est on the unpaid p withhold developee <br />eighteen months. The City y l with the tuns of the in <br />permits if the developer does not comp y <br />stallment agrent• Cash payments received in lieu of <br />'al fund and used only for <br />�4) public Recr.eati®nal placed in spec xoua7ds, <br />land dedications s nt of land for Perks, Purr <br />the acquisition or develops <br />space; or for retirement of debt in�xred for such <br />trails Or openPa <br />purposes. <br />Page 55 <br />Maximum Percentage of <br />Fair Market value <br />4% <br />5% <br />6% <br />7% <br />10% <br />