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Res 1991 - 94 Amending Resolution 80-16, Establishing a Park Contribution Formula� CITY OF MENDOTA HEIGHTS Dakota County, Minnesota RESOLUTION NO. 91- 94 RESOLIITION AMENDING RESOLUTION 80-16� ESTABLISHING A PARR CONTRIBUTION FORMULA WHEREAB, pursuant to Minn. Statute, Section 462.358, Subd. 2, and Mendota Heights Subdivision Ordinance, Section 6, the City Council is authorized to require a park contribution for the platting or replatting of land; and WHEREAB, said park contribution may be either in the form of a cash contribution or a percentage of the gross area of the plat, whichever is deemed most appropriate by the City Council of the City of Mendota Heights; and WHEREAB, said open space contributions or cash contributions must be used for the purpose of maintaining and protecting open space or developing existing public open space; and WHEREAS, it is deemed advisable that the cash contribution be based on a standard contribution formula. NOW THEREFORE IT IS HEREBY RESOLVED by the City Council of the City of Mendota Heights, that Resolution No. 80-16 be amended in its entirety; and BE IT FIIRTHER RE30LVED that the following park contribution formula shall apply to all requests for platting, replatting or division of existing lots for which a cash contribution is deemed appropriate by the City Council: a. Property owner or developer shall contribute a minimum of $750 for each residential lot created as a result of plat, replat or lot division approval; and b. Cash contributions in the case of commercial/industrial plats, replats or lot divisions shall be at least ten (10) percent of fair market value of the gross area created as a result of the plat, replat or lot division; and . BE IT FIIRTHER RESOLVED that the contribution shall be payable upon approval of the plat, replat or lot division or in a manner as outlined in the Subdivision Ordinance. Adopted by the City Council of the City of Mendota Heights this 17th day of December, 1991. ATTEST: ���� � ���� athleen M. Swanson, City Clerk CITY COUNCIL CITY OF MENDOTA HEIGHTS By .,,-� � l/ll.�.►.�-..t�' Charles E. Mertensotto, Mayor