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payment or dedication to the City of any one of the following, to be reviewed on <br /> an annual basis at the beginning of each calendar year: <br /> A. A reasonable portion of a land dedication for conservation <br /> purposes or for public use as parks, recreational facilities, <br /> playgrounds, trails, wetlands, or open space, up to 0.016 acres per <br /> resident expected in the proposed development, using the most <br /> recent average household size as determined by the Minnesota <br /> State Demographer's Office and the U.S. Census Bureau. <br /> B. A payment of up to $416 per expected resident in the proposed <br /> subdivision, using the most recent average household size as <br /> determined by the Minnesota State Demographer's Office and the <br /> U.S. Census Bureau. <br /> C. A combination of land dedication and cash payment to the City for <br /> parks and open space purposes that reflects the values contained <br /> herein and in the City's Comprehensive Land Use Plan. <br /> 3. The amount of land and/or payrnent shall be set by the City Council, from <br /> the recommendation of the Planning Commission, after taking into consideration <br /> the open space, park, recreational, or common areas facilities which the applicant <br /> proposes to reserve for public use within the subdivision. 'The City shall grant <br /> preference to payment in lieu of land dedication unless an area within the land to <br /> be platted has been identified by the City for park acquisition. The following <br /> factors shall be taken into consideration when reviewing potential lands for park <br /> dedication: <br /> A. The suitability of the land for its intended purpose. <br /> B. The future needs of the community regarding parks, trails, and <br /> open spaces. <br /> C. The amount of any fees imposed, consistent with the requirements <br /> and limitations contained in this Section. <br /> D. Whether the land is adjacent to or near other public recreation <br /> lands. <br /> E. Whether there is an opportunity to extend an existing or proposed <br /> trail or to enlarge an existing or proposed park or recreational <br /> facility. <br /> F. Whether the land dedication would protect environmentally or <br /> historically significant or sensitive sites. <br /> Pequot Lakes Staff Report 3•3-6 <br /> July i6,2020 <br />