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R221RESOLUTION NO. 221 A RESOLUTION ESTABLISHING THE DWELLING UNIT FEE TO BE USED IN CALCULATING THE AMOUNT OF CASH PAYMENT IN LIEU OF PARK DEDICATION WITHIN THE CITY LIMITS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Ordinance 153, as amended, provides that no final subdivision plat for any property zoned for residential use in the City of Kennedale shall be approved unless such plat shall include a dedication of land, or a cash payment in lieu of land dedication, to the City of Kennedale for neighborhood park purposes; and WHEREAS, Section 2(f) of Ordinance 153, as amended, provides that the City Council shall establish a payment of cash in lieu of a dedication requirement computed on the basis of a certain dollar amount per dwelling unit, which dollar amount shall be based on the approximate cost of acquiring one raw acre of vacant land in a developing area of the community derived from a reasonable study and investigation of the best available information as to the land values within the community; and WHEREAS, for purposes of the park dedication fee calculation, the City Council has previously established a land value within the city limits of $34,526 per acre of undeveloped land. .NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS: SECTION 1. In accordance with Section 2(f) of Ordinance 153, as amended, the City Council hereby establishes a park dedication fee of $1,200 per dwelling unit, which is below the fee per dwelling unit authorized by Ordinance 153, as amended, to be calculated by dividing the amount per acre of vacant land by 25 residential units ($34,526 T 25 = $1,381.00). SECTION 2. It is hereby found and determined that the meeting at which this Resolution was passed was open to the public and that public notice of the time, place, and purpose of said meeting was given, all as required by law. SECTION 3. This Resolution shall be effective upon its adoption. PASSED AND APPROVED THIS 11t'' DAY OF JANUARY, 2007. W:\Kennedale\RESOLUTI\Park Dedication fee.wpd (01/11/07) Page 1 ~,t\Illilllti~~. ~ttyttt©~ ~ ~~ ~~ r ~ v V ' *~ dz *= MA OR ~~ ~»;;a,~;::,;;,,, CITY SEC TARY APPROVED AS TO FORM AND LEGALITY: ~~ a,~--- CITY ATTORNEY W:\Kennedale\RESOLUTI\Park Dedication fee.wpd (01/11107) Page 2