§ 17.58.170. Payment in lieu of land dedication.

When fees are required to be paid by this chapter in lieu of land dedication, they shall be paid in accordance with the following schedule:

A.

Four hundred dollars per bedroom in excess of one bedroom per dwelling unit, not exceeding one thousand two hundred dollars;

B.

Three hundred dollars for each dwelling unit space or lot in a mobile home park;

C.

When land is dedicated pursuant to Section 17.58.160, the monetary value of which equals or exceeds the aggregate of the fees which would otherwise be required to be paid hereunder, no fees shall be required to be paid. When the monetary value of such land does not equal the aggregate of such fees, the amount of such fees shall be reduced to reflect the value of the land in accordance with the following formula:

The value of the land shall be subtracted from the product of multiplying the amount of the fee per bedroom by the number of bedrooms on which fees are to be paid (or of multiplying the amount of the fee per mobilehome park space by the number of such spaces). The resulting amount shall be divided by the number of bedrooms on which fees are to be paid (or the number of mobilehome park spaces) to reach the adjusted fee.

(Ord. 563 § 1 (part), 1978: prior code § 11942)