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Number of Units Y Number of People Y O.016 acre Park Land in Subdivision X Per Household X (per capita share) Dedication Area There are two methods for determining the cash in lieu of land (park dedication fee), both resulting in the same value: Park Land Undeveloped Park Dedication Area X Land Value Dedication Fee Number of Units Y Number of People Y Park in Subdivision X Per Household /� Per Resident Fee Dedication Fee A motion was made by Bill Habein, seconded by D to recomm d amending :.. Section 9.10 of the Land Use Ordinance as follows: i. In accordance with the provis " y Section 462. of the Minnesota Statutes, or amendments thereto the s hall dedi � o the public, lands for highway rights-of-way, street a ri u ty easements, wetland easements,and similar lands requ��ed p d public improvements. 2. The City of Pe \\ s finds it i e public tEtSL and necessary to provide future par i s a:i . er public en and recreational spaces for the citizens of Pequot As sti\\ for every riew subdivision of land involving three or more lots w re t e develope h& residential purposes, the Planning Commission,wig e . City Council, shall require a payment or de e i �\ any.` � � he following, to be reviewed on an annual g s at they"ing \\\ch calendar year: a. A reasoo�� po VA land dedication for conservation purposes or for � public MR'� parks ecreational facilities playgrounds trails wetlands .,, �. or open spate, up fo o.o16 acres per resident expected in the proposed velopmen,'using the most recent average household size as determined he Mi sota State Demographer's Office and the U.S. Census B b. A p nt of up to $416 per expected resident in the proposed sub Sion, using the most recent average household size as determined by the Minnesota State Demographer's Office and the U.S. Census Bureau. c. A combination of land dedication and cash payment to the City for parks and open space purposes that reflects the values contained herein and in the City's Comprehensive Land Use Plan. 3. The amount of land and/or payment shall be set by the Planning Commission, with the concurrence of the City Council, after taking into consideration the open space, park, recreational, or common areas facilities which the applicant proposes to reserve for public use within the subdivision. The City shall grant `.. preference to payment in lieu of land dedication unless an area within the land to Minutes 3 Pequot Lakes Planning Commission June 21,2007