CHAPTER 64 - SITE DESIGN POLICIES
64.470 EFFECTIVE DATES/CREDITS:
In the event that subsequent to January 1, 1988, a landowner has dedicated lands to the City meeting the standards set forth in this ordinance for park purposes, or made available to the City, at a price less than fair market value, land for that purpose, the Common Council may permit the owner to apply the lands previously dedicated or sold to be applied as a credit against any requirements imposed by this ordinance. Provided, that said credit shall be available with respect to lands sold, only in the amount equal to the difference between the purchase price and the fair market value. Provided further, that said credit shall only apply with respect to lands required to be dedicated in the same quadrant of the City as the lands originally dedicated or sold for less than fair market value.
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