1262.27 LAND IN LIEU OF PARK AND PLAYGROUND FEES.
In lieu of payment of the park and playground fee required by Section 1262.26, Council, on recommendation of the Planning Commission, may accept the dedication, for park and playground use, of open space constituting a reasonable proportion of the gross acreage of the subdivision that is reasonably proportionate in value to the fee, suitably located and of adequate size. However, in no event shall the aggregate value of such dedicated land be less than the equivalent park and playground fee otherwise payable and computed in accordance with the fee established by Council.
(Ord. 546B. Passed 2-25-76.)