Res 73 - 18 Establishing Special Park FundVillage ot Mendota Heights
Dakota County, Minnesota
RESOLUTION NO. �,� /�
RESOLUTION ESTABLSSHING SPECIAL PARK FUND
WHEREAS, under the provisions of Ordinance No. 2 as amended, it is
provided that as a condition of the approval of a subdivision
or plat, the develo,per may be required to contribute an amount equal
to ten per cent of the undeveloped land value of the property sub-
ject to said plat or subdivision, and
WHEREAS, under the applicable state statutes, it is provided that
said funds be placed in a special fund and used only for the
acquisition of lands for parks and playgrounds, development of
existing park and playground sites, and debt retirement in connec-
tion with 1.and previously acquired for parks and playgrounds.
NOW THEREFORE, IT IS HEREBY RESOLVED by the Village Council of the
Village of Mendota Heights, Minnesota, as follows:
1) That there is hereby established a��ecial �ark Fund
into which all cash contributions received by the Village
for parks and playgrounds under the provisions of Ordinance
No. 2 as amended shall be held and
that the funds in said Special Park Fund shall be used only
for the acquisition of land for parks and playgrounds,
development of existing park and playground sites, and
debt retirement in connection with land previously acquired
by the Village for parks and p].aygrounds.
Adopted by the Village Co ncil of the Village of Mendota Heights
this � day of , 1973.
VILLAGE COUNCIL
VILLAGE OF MENDOTA HEIGHTS
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BY Gt�r 'lc`�'
Donal L. Huber
„ Mayor
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c�i.�bert nn.�a
Vill.age Clerk