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easements, and similar lands required for perpetual and public improvements. <br /> 2. The City of Pequot Lakes finds it in the public interest and necessary to <br /> provide future parks, trails and other public open and recreational spaces for the <br /> citizens of Pequot Lakes. As such, for every new subdivision of land involving <br /> three or more lots which are to be developed for residential purposes, the City <br /> Council, with the recommendation of the Planning Commission, shall require a <br /> 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 payment 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 /> Pequot Lakes Staff Report 4(a)-q <br /> May 15,2014 <br />