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dedicating land, pay a fee equal to the value of that land which <br /> would be required to be dedicated, plus costs of off-site <br /> improvements, prescribed for dedication in Section 19.44.040 <br /> hereof and in an amount determined in accordance with the <br /> provisions of Section 19.44.070 hereof, such fee to be used for a <br /> local park which bears a reasonable relationship to serve the <br /> present and future residents of the area being subdivided or <br /> approved for development. <br /> <br /> For the purposes of this ordinance, off-site improvements are <br /> defined as those improvements which would have been required if <br /> land had been dedicated using the provisions of Section <br /> 29.44.040. <br /> <br /> (b) Fees in Lieu of Land; 50 dwelling units or Less. If the <br />proposed subdivision or project contains fifty (50) dwelling <br />units or less, the subdivider or developer shall pay a fee equal <br />to the land value, plus costs of off-site improvements, of the <br />portion of the local park required to serve the needs of <br />residents of the proposed subdivision or project as prescribed in <br />Section 19.44.040 hereof and in an amount determined in <br />accordance with the provisions of Section 19.44,070 hereof. <br /> <br /> However, nothing in this section shall prohibit the <br />dedication and acceptance of land for park and recreation <br />purposes in subdivisions or projects of fifty dwelling units or <br />less, where the subdivider or developer proposes such dedication <br />voluntarily and the land is suitable to the Director of Parks and <br />Community Services and accepted by the City Council. <br /> <br /> (c) Use of Money. The money collected hereunder shall be <br />used only for the purpose of acquiring necessary land and <br />developing new or rehabilitating existing park or recreational <br />facilities reasonably related to serving the subdivision. <br /> <br />19.44,060 Criteria for Requiring Both Dedication and Fee. <br /> <br /> If a developer or subdivider dedicates more land than is <br />required pursuant to this section 19.44, the developer or <br />subdivider shall not be given money or credit for said additional <br />land. <br /> <br />19.44,070 Amount of Fee in Lieu of Land Dedication. <br /> <br /> When a fee is to be paid in lieu of land dedication value of <br />the amount of such fee shall be based upon the fair market value <br />of the amount of land which would otherwise be required for <br />dedication pursuant to Section 19.44,040, plus costs of off-site <br />improvements, such as extension of utility lines. The fee shall <br />be determined by the following formula: <br /> <br /> <br />