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7B Page 15 30.144 Required Dedication A. Where a park or recreation facility has been designated in the Impact Fee Project List, and such facility is located in whole or in part within the propased subdivisian and will serve the immediate and future needs of the residents of the subdivision, the subdivider may dedicate land for a local park sufficient in size and topography that bears a reasonable relationship #a serve the present and future neecls af the residents ofi the subdivision. B. The subdivider shal(, without credit, provide Site Improvements to any land dedicated p�rsuant to this section. C. The land ta be dedicated and the Site Improvements to be made pursuant to this section shall be appraved by the Adminis#rator, who shall not grant approval to any �rGposed �rr�►�vernent that daes n�t r�ect t�� s�andards set forth in the im�a�t Fce Project l.ist. 3U.145 Fee Requiremen# A. The #ee required with respect ta a subdivision shall bear a reasonable relationship to the use of the park and recreational facilities by the future inhabitants of the subdivisian, and shall be calculafed by first subtracting the acreage dedicated pursuant to Section 30.144 from the parkland requirement for that subdivision and then multiplying the result of that calculation by a per acre land and site improvement cast calculated pursuant to paragraph B, below. B. The cost per acre of land and site improvements for purposes of paragraph A, above, shal! be $2,327,530 per acre, which represents a land cost of $1,894,860 and a site improvement cast of$432,670. C. A credit against the fee required by this Section may be given for dedications of park improvements cons#ructed ar provided at private expense and for the value of land dedicated fo the City that is necessary or useful to a park improuement. Such credit will be gran#ed only if, prior fo dedication, the city council determines (i) that the dedicated land or improvement is included on the Impact �ee Project List and (ii) that the grant of the credit, in lieu ot the fee, wiil npt cause the city to delay the implsmentation of park improvements that are of higher priority, in the judgment of the city council, than the land or improvements to be dedicated. At the time the City Counci� makes these determinations, it must also make a deterrninatian of the maximum credit that wili be allawed for the dedication, which maximum credit shal! not exceed the City Council's reasonable estimafie of the fair market value of the park improvement and/or land. The amount of any credit granted pursuant to this paragraph shail not exceed the lesser of (i) the actual documented construction costs for the dedicated improvement plus the value of any dedicated land as supported by a professional appraisaE ar (ii) the maximum credit approved by the City Council pursuant to this paragraph. No credit shall be given pursuant to this paragraph for any dedica#iort ATTYIORD/ORD.287 090507