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land, pay a fee equal to the value of that land which would be required to be dedicated, plus costs of off <br /> site improvements, prescribed for dedication in Section 17.46.040 of this chapter and in an amount <br /> determined in accordance with the provisions of Section 17.46.070 of this chapter, such fee to be used for <br /> a local park which bears a reasonable relationship to serve the present and future residents of the area <br /> being subdivided or approved for development.For the purposes of this chapter,"off site improvements" <br /> are defined as those improvements which would have been required if land had been dedicated using the <br /> provisions of Section 17.46.040 of this chapter. <br /> B. Fees In Lieu of Land-50 Dwelling Units or Less. If the proposed subdivision or project <br /> contains 50 dwelling units or less,the subdivider or developer shall pay a fee equal to the land value, plus <br /> costs of off-site improvements,of the portion of the local park required to serve the needs of residents of <br /> the proposed subdivision or project as prescribed in Section 17.46.040 of this chapter and in an amount <br /> determined in accordance with the provisions of Section 17.46.070 of this chapter. However, nothing in <br /> this section shall prohibit the dedication and acceptance of land for park and recreation purposes in <br /> subdivisions or projects of 50 dwelling units or less,where the subdivider or developer proposes such <br /> dedication voluntarily and the land is suitable to the director of parks and community services and <br /> accepted by the city council. <br /> C. Use of Money. The money collected hereunder shall be used only for the purpose of <br /> acquiring necessary land and developing new or rehabilitating existing park or recreational facilities <br /> reasonably related to serving the subdivision or project. <br /> 17.46.070 Amount of fee in lieu of land dedication. <br /> A. When a fee is to be paid in lieu of land dedication,value of the amount of such fee shall be <br /> based upon the fair market value of the amount of land which would otherwise be required for dedication <br /> pursuant to Section 17.46.040 of this chapter, plus costs of off-site improvements, such as extension of <br /> utility lines. The fee shall be determined by the following formula: <br /> fon 5 acres FMV <br /> DUs X X X = Subtotal <br /> DU <br /> 1,000 people Buildable acre <br /> Subtotal + Cost of off-site improvements=Total in lieu fee pursuant to Section 17.46.040 <br /> where <br /> DUs = Number of dwelling units as defined in Section 17.46.040 <br /> Pop = Population per dwelling unit <br /> DU <br /> FMV = Fair market value, as determined by Section 17.46.080 <br /> Buildable acre = A typical acre of the subdivision, with a slope less than 10 percent, and <br /> located in other than an area on which building is excluded because of <br /> flooding, easements or other restrictions. <br /> B. Fees to be collected pursuant to this section shall be approved by the director of parks and <br /> community services. <br /> 17.46.3.00 Procedure. <br /> 15 <br />