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be platted has been identified by the City for park acquisition. The following factors shall be taken into consideration when reviewing potential lands for park dedication: a. The suitability of the land for its intended purpose. b. The future needs of the community regarding parks, trails, and open spaces. c. The amount of any fees imposed, consistent with the requirements and limitations contained in this Section. d. Whether the land is adjacent to or near other public recreation lands. e. Whether there is an opportunity to extend an existing or proposed trail or to enlarge an existing or proposed park or recreat al facility. f. Whether the land dedication would pro" vironmentally or historically significant or sensitive sites. g. Whether the land dedication provides a u lic benefit or contains unique natural features. N \ , 4. Where private open space for park or re ti pure is provided in a „, proposed subdivision and such space is to�a privately owne maintained by the future residents of the subdivis' or owners of the \pment, the Planning Commission may conside 'ng a edit for park cation. A credit of up to 2.5% of the buildable are �/ t�posed open,,' ace may be given provided that the following conditions K et: ter;,,, a. The land area designa„d as open space used in the calculation of the 2.5%-credit shall not�� ,de any area is otherwise considered unbuildable, including;; ”' t limited etlands, steep slopes exceeding 12%, and the as wi acks fr property lines,required buffer zones,bluffs,and W er mark,among others. b. The Ian ;:- esignated a en space, thin the development is not occup' y ti-recreatio 1 buildings, such as maintenance or car g buil gs, and is vailable for use to all residents of the propos bdi on. �\\ c. The use n s e is restricted for park and recreational es b � �� rde ��0�°is which run with the land in favor of the fu ers a property within the development and which cannot be defe for eh without the consent of the City of Pequot Lakes. The area Nn red , / tain increased densities shall not be included in the compu of uch private open space. 5. Fun ceived by City, in lieu of land dedication, shall be placed in a special fund i ordanc �with Section 462.358 Subdivision 2b, of the Minnesota Statutes. 6. All dedicati fall be included in the dedicated portion of the plat, included in the develop nt contract, or received by the City in Warranty Deed prior to the approval of the final plat,without further restrictions or reservations. MARK HALLAN ARRIVED: 8:45 ROLL CALL VOTE: Mr. Habein: Aye; Mr. Derksen: Aye; Mr. Williams: Aye; Mr. Woog: Aye. ABSTAIN: Mr. Pederson and Mr. Hallan. Motion carried. Minutes 4 Pequot Lakes Planning Commission June 21, 2007