§ 151.17. Open space.

A.

In connection with every allotment or street dedication in the city, the allotter or those dedicating a street shall give to the city, or suitable public authority, five percent to ten percent of the gross area of the proposed allotment as determined by the Planning Commission. Because of the smallness of the allotment or other restrictive conditions, the Commission may permit a substitution for the land of an amount of money to be put into the Park and Open Space Trust Fund, which amount shall be equivalent to five percent to ten percent of the value of the land in the allotment before improvements. This value may be determined by the cost to the allotter or from tax records assigning the tax value as being thirty percent of the true value.

B.

In case of a dedication of a street, if no land is suitable to dedicate for park, recreation, and open space, the dedicators may substitute payment in cash (or the amount of the substitute payment may be combined with improvement charges at the discretion of the Commission) in the amount of one dollar per front foot of land abutting on any street so dedicated. This money shall also be put into the above trust fund. The money in this trust fund shall be used by the City for the purpose of acquisition of open space only after approval by the Commission.

(Ord. 780-1963)