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Comprehensive Land Use Plan. <br /> 3. The amount of land and/or payment shall be set by the Planning r omfni:•sionnCitt <br /> Co_. uncial, vAt-h--from the recommendation of the City Getineilflanning <br /> Commission, after taking into consideration the open space, park, recreational, or <br /> common areas facilities which the applicant proposes to reserve for public use within the <br /> subdivision.The City shall grant preference to payment in lieu of land dedication unless <br /> an area within the land to be platted has been identified by the City for park acquisition. <br /> The following factors shall be taken into consideration when reviewing potential lands <br /> for park 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 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 to <br /> 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 unique <br /> natural features. <br /> 4. Where private open space for park or recreation purposes is provided in a proposed <br /> subdivision and such space is to be privately owned and maintained by the future <br /> residents of the subdivision or owners of the development, the Planning Commission <br /> may consider granting a credit for park dedication.A credit of up to 2.5%of the buildable <br /> area of the proposed open space may be given provided that the following conditions are <br /> met: <br /> a. The land area designated as open space and used in the calculation of the 2.5%- <br /> credit shall not include any area that is otherwise considered unbuildable, <br /> including,but not limited to, wetlands, steep slopes exceeding 12%, and the area <br /> within setbacks from property lines, required buffer zones, bluffs, and the <br /> ordinary high water mark,among others. <br /> b. The land area designated as open space within the development is not occupied <br /> by non-recreational buildings, such as maintenance or caretaking buildings, and <br /> is available for use to all residents of the proposed subdivision. <br /> c. The use of the private open space is restricted for park and recreational purposes <br /> by recorded covenants which run with the land in favor of the future owners of <br /> the property within the development and which cannot be defeated or eliminated <br /> without the consent of the City of Pequot Lakes. <br /> d. 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 fund in <br /> accordance with Section 462.358 Subdivision 2b,of the Minnesota Statutes. <br /> 6. A41 dedieati ns .Ball be inel d„a in the. dedieated , .t; ,� e��kln�-ftla�in�tcl�tl i�z-t�of feeeived by the City in development War-r-anty Deed prior-to the appfoval o <br /> the final plat-, yidhs„,t *it�rI; All land dedication pursuant <br /> to this Ordinance shall be conveved to the Citv through a Warranty Deed drafted by the <br /> City Attorng . <br /> City of Pequot Lakes Staff Report 3-3 <br /> September 20,2007 <br />