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City Council Ordinance 93ORDINANCE AMENDMENT The City Council of Monticello hereby ordains that subdivision ordinance Section 11-6-1 be amended, as follows: 11-6-1: PARK DEDICATION REQUIREMENT A. Pursuant to Minnesota Statutes 462.358, Subdivision 2, the City Council of Monticello shall require all developers requesting platting or replatting of land in the City of Monticello to con- tribute ten percent (100) of the final plat gross area to be dedi- cated for use as either parks, playgrounds, public open space, or linear park and trail systems or to contribute an equivalent amount of cash, based on the conditions outlined below. The form of contribution (cash or land, or any combination thereof) and the specific area in case of land contribution, shall be decided by the City Council based upon need and conformance with approved City plans. B. In order to determine the park dedication requirement, an appraisal of the market value of the subdivision shall be provided by the developer. This appraisal shall include the appraisal of the entire subdivision, plus an appraisal of the area proposed in land if applicable. This appraisal shall be based on the current market value of the raw land. C. City Council may accept appraisal ordered by the developer or may order own appraisal to arrive at the fair market value of the subdivision and any land proposed for park dedication. In either case, the developer is responsible for the costs of such appraisals. D. Park dedication credit should not include a wetland or ponding area necessary for the drainage plan of the particular subdivision. E. Land dedicated for park purposes should be transferred to the City of Monticello by warranty deed. ATTEST: C 4Adm. rator Passed by the City Council this 9th day of March, 1981. Mayor