A. General Formula. When a fee is to be paid in lieu of land dedication, the subdivider shall, in lieu of dedicating land, pay a fee equal to the value of the land which would otherwise be required for dedication pursuant to Section 15.80.070. The amount of in-lieu fees shall be determined in accordance with the following formula:

B. For the purposes of this section, the number of new dwelling units shall be based upon the number of buildable parcels indicated on the subdivision, when in an area zoned for one dwelling unit per parcel. When all or part of the subdivision is located in an area zoned for more than one dwelling unit per parcel, the number of proposed dwelling units in the area so zoned shall equal seventy-five percent of the maximum allowed under that zone, or the maximum number of dwelling units allowed as approved by the city council. Further, in the case of a one-family dwelling subdivision located within a multiple-family dwelling zone, then the number of one-family dwelling units shall be the number of buildable parcels indicated on the subdivision. Subsequent development of additional units shall require payment of in-lieu fees and/or dedication of land pursuant to this chapter.

C. The determination of the fair market value per buildable acre is defined in Section 15.80.100, except when the city has acquired real property to serve as a park. If the recreation and parks director, or designee determines that said acquired park would serve the subdivision or property to be developed, then the per-acre purchase or acquisition price paid by the city for said real property on which the park is located shall be used as the value for the fair market value per buildable acre in the formula stated in subsection A of this section.

D. Fees in Lieu of Land, Fifty Parcels or Less. If the proposed subdivision contains fifty parcels or less, and does not meet the requirements of Section 15.80.090(A), the subdivider shall pay a fee equal to the land value of the portion of the park required to serve the needs of residents of the proposed subdivision or property to be developed as prescribed in an amount determined with the provisions of this section.

E. However, nothing in this chapter shall prohibit the dedication and acceptance of land for park and recreation purposes in subdivisions of fifty parcels or less or existing parcel to be developed, where the subdivider proposes such dedication voluntarily and the land is acceptable to the advisory agency.

F. Use of Money. The money collected herein shall be used only for the purpose of acquiring necessary land and developing new parks or rehabilitating or improving existing parks or recreation facilities reasonably related to serving the development. (Ord. 5087 § 2, 2022; Ord. 4145 § 1, 2003; Ord. 3646 § 1, 1995; Ord. 3317 § 1, 1990)