1990-028City of Southlake, Texas
RESOLUTION NO. 90-28
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS, ESTABLISHING A RAW
ACREAGE COST TO BE USED IN CALCULATING PARK
FEES AS REQUIRED IN SUBDIVISION ORDINANCE NO.
483, SECTION 7.03, DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Southlake has
recently adopted Ordinance No. 483, the City Subdivision
Ordinance, which requires developers to dedicate to the City open
space, park and recreational areas, or an equivalent fee in lieu
of dedicated land based upon the raw acreage acquisition cost of
land to be dedicated; and
WHEREAS, the City Council has conducted a reasonable study
and investigation based upon the best available information as to
land and property values within the community and has determined
the cost of acquiring one acre of vacant land in a developing
area of the community to be used in the calculation of park fees.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SOUTHLAKE, TEXAS:
SECTION 1
The City Council has determined that the raw acreage cost of
an acre of land to be used in the calculation of park fees is
00 .
SECTION 2
This Resolution shall be effective upon its passage.
AND APPROVED this the day of , 1990.
A/ XL6
Sandra L. LeGrand
City Secretary
APPROVED AS TO FORM:
City Attorney
City of Southlake, Texas
CITY OF SOUTHLAKE, TEXAS
By: `)
Gary Ffcke d, Mayo