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the City's Comprehensive Land Use Plan. <br /> 3. The amount of land and/or payment shall be set by the City Council, from the <br /> recommendation of the Planning Commission, after taking into consideration the <br /> 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 open <br /> spaces. <br /> c. The amount of any fees imposed, consistent with the requirements and <br /> limitations contained in this Section. <br /> d. Whether the land is adjacent to or near other public recreation lands. <br /> e. Whether there is an opportunity to extend an existing or proposed trail or <br /> to enlarge an existing or proposed park or recreational facility. <br /> f. Whether the land dedication would protect environmentally or historically <br /> significant or sensitive sites. <br /> g. Whether the land dedication provides a unique public benefit or contains <br /> unique natural features. <br /> 4. Where private open space for park or recreation purposes is provided in a <br /> proposed subdivision and such space is to be privately owned and maintained by <br /> the future residents of the subdivision or owners of the development,the Planning <br /> Commission may consider granting a credit for park dedication. A credit of up to <br /> 2.5% of the buildable area of the proposed open space may be given provided that <br /> the following conditions are met: <br /> 1. The land area designated as open space and used in the calculation of the <br /> 2.5%-credit shall not include any area that is otherwise considered <br /> unbuildable, including, but not limited to, wetlands, steep slopes <br /> exceeding 12%, and the area within setbacks from property lines, required <br /> buffer zones, bluffs, and the ordinary high water mark, among others. <br /> 2. The land area designated as open space within the development is not <br /> occupied by non-recreational buildings, such as maintenance or caretaking <br /> buildings, and is available for use to all residents of the proposed <br /> subdivision. <br /> 3. The use of the private open space is restricted for park and recreational <br /> purposes by recorded covenants which run with the land in favor of the <br /> future owners of the property within the development and which cannot be <br /> defeated or eliminated without the consent of the City of Pequot Lakes. <br /> 4. The area required to obtain increased densities shall not be included in the <br /> computation of such private open space. <br /> 5. Funds received by the City, in lieu of land dedication, shall be placed in a special <br /> fund in accordance with Section 462.358 Subdivision 2b, of the Minnesota <br /> Statutes. <br /> 6. All land dedication pursuant to this Ordinance shall be conveyed to the City <br /> Minutes 6 <br /> Pequot Lakes Planning Commission <br /> September 20, 2007 <br />