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12.30 - Public Sites and Open Spaces 9 12.30 Section 12.30: Public Sites and Open Spaces Subdivision 1. Parks, Playgrounds, Open Spaces, Storm Water Holding Areas and Ponds In all plats or subdivisions to be developed for residential, commercial, industrial or other uses, or as a planned unit development which includes residential, commercial, industrial or other uses, or any combination thereof, the Council may require a reasonable portion of such proposed subdivision to be dedicated to the public for public use as parks, playgrounds, public open space or storm water holding areas or ponds, with up to ten percent (10%) of the gross area being subdivided be so dedicated. The Council may in the alternative require the subdivider to contribute an equivalent amount in cash based on the fair market value of the undeveloped land involved in the proposed subdivision. The cash funds realized therefrom to be placed in a special fund with the Finance Director and used only for the acquisition of other lands for parks, playgrounds, public open spaces, storm water holding ponds, development of existing park and playground sites and debt retirement in connection with land previously acquired for such public purposes. In determining the reasonable portion of each such proposed subdivision to be thus dedicated, including the minimum requirement as specified herein, there may be taken into consideration the amount of open space, park, recreational or common areas and facilities which the subdivider has provided for the exclusive use of the residents of the subdivision. The Council shall not be bound thereby in making its determination of the portion it requires to be dedicated pursuant to the terms of this Section. Where any such dedicated area is located in part or in whole within a proposed subdivision, the area for the same shall be designated on the plat and shall not be subdivided into lots. The Council may, by resolution, establish additional guidelines for determining the proper dedication to the public. Source: Ordinance No. 70 Effective Date: 12-11-87 Golden Valley City Code Page 1 of 1