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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />ORDINANCE NO. o-06-00 <br />AN ORDINANCE OF THE CITY OF COLTON, CALIFORNIA AMENDING <br />CHAPTER 16.58, SECTIONS 16.58.010, 16.58.040, AND 16.58.050 OF THE <br />COLTON MUNICIPAL CODE RELATING TO THE DEDICATION OF LAND OR <br />PAYMENT OF FEES FOR PARK AND RECREATION PURPOSES <br />THE CITY COUNCIL OF THE CITY OF COLTON DOES HEREBY ORDAIN AS <br />FOLLOWS: <br />SECTION 1: Chapter 16.58 of the Colton Municipal Code is hereby amended to <br />read as follows: <br />16.58. 010 Park and Recreation Dedication Fees. <br />C. Exemptions. The provisions of this Section shall not apply to commercial or <br />industrial subdivisions; nor to condominium or stock cooperative projects which consist <br />of the subdivision of airspace in an existing apartment building which is more than five <br />(5) years old when no new dwelling units are added. <br />16.58 040 Standards for Determining Dedication. <br />F. Recent Park Development Surveys indicate a development cost of $110,816 <br />per acre for improvements to park and recreation facilities. This cost applies <br />to 78 acres of new parkland for a total cost of $8,643,648. The <br />recommended and approved cost recovery level for improvements to park <br />and recreation facilities is fifty percent (50%) or $4,321,824. <br />16.58.050 Fees In -Lieu of Dedication. When permitted by Section 16.58.600, the <br />subdivider may pay to the City a fee in -lieu of making such dedication. The fee shall be <br />computed by multiplying the area of park to be dedicated under Section 16.58.040 D by <br />the fair market value of the land being developed plus the subdivision's fair share <br />contributions to cover the cost of park improvements. <br />