18.44.035 Amount of land to be dedicated or fee in lieu thereof.

(A) The amount of parkland required to be dedicated by a subdivider pursuant to this chapter shall be five acres per one thousand population.

(B) When a fee is to be paid in-lieu of land dedication, the amount of such fee shall be based upon the per-acre valuation set forth in Chapter 15.08, Parks and Civic Facilities Development Impact Fees, as adopted and as may be periodically amended as provided for in the ordinance for the amount of land that would be required for dedication pursuant to subsection A of this section. The amount of land shall be calculated by the following formula:

DUs x POP x 5 acres

1,000 People

Definitions:

DU = Number of dwelling units in a subdivision.

POP = Population per dwelling unit.

(C) Monies expended by the subdivider for actual improvement of park and recreation facilities or lands shall be credited against these fees or park land dedication requirements provided that such improvements have been approved by the city in advance and meet applicable city standards.