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/1� 64-7 : SMRM WATER MANAGEMENT: (A) Ponding Areas and Wetlands: Whenever possible storm water must be stored and managed within the limits of the development. All ponding areas and wetlands must be considered and evaluated for inclusion in the Storm Water Management Guide Plan. The Prior Lake Storm Water Management Guide Plan shall serve as a guide in the preparation of all storm water management plans. 6-6-8: PARK DEDICATION: (A) The owners of any land being subdivided for residentialr camwrshalr industrial or other uses or as a Planned Unit Development dedicate a reasonable portion of land to the public for public use as parks, playgrounds trails or public open space. The City has determined the land dedication requirement to be equivalent to ten percent ( ) of the gross area of a subdivision. (Ord. 88-01) The canposition of land required will be determined in accordance with the formula found in Section 6-6-8 (E), or as determined by the City to be in the public interest and reasonably necessary for such uses and needs as a result of approval of the subdivision. (P) At the City's option, the subdivider shall contribute an equivalent amount in cash, or cash and land, in lieu of all or'a portion of the land which the City may require such owner to dedicate pursuant to paragraph (A) above. The cash amount shall be based on the fair market value of the land reasonably required to be dedicated#, with said value being determined no later than at the time of final plat approval. (C) Whenever the term "dedicate" is used in this section, it shall mean a dedication to the City of land or cash, or both#, whichever the City, at its option, shall require. The dedication shall be made prior to the City's release of the final plat for filing. (D) In instances where cash is required in lieu of land, payments as required by this Ordinance shall be made prior to the City Manager releasing the final plat to the subdivider. (E) The City may determine the location, configuration and value of the land to be dedicated. The camposition (Ord. 88-01) of land to be dedicated will be directly related to its physiographical character and in accordance with the following values: LAND CHARACTER==Q VALUE t•. Dry upland tt' 0 t ,,Unstable 1 u tMarshes (F) Where the owner provides in the subdivision for the public use neighborhood park amenities such as, but not limited to, tennis courts, ball fieldsr open space or other recreational facilities, the City may reduce the amount of land to be dedicated or the cash contribution in lieu of such dedication by an amount equivalent to the cost of the facilities provided. 22